Oct 9, 1987

NO UNTRAMMELLED RIGHT FOR FOREIGN INVESTORS VIA TRIMS.

GENEVA OCTOBER 7 (IFDA/CHAKRAVARTHI RAGHAVAN) Third world countries have warned against efforts, principally by the Unites States and Japan, to use the Uruguay Round Negotiations on Trade-related Investment Measures (TRIMS) to create a charter of untrammelled rights for foreign investors.

According to third world participants in the Uruguay Round Negotiating Group on TRIMS, three round of unfocussed discussions have left protagonist wide apart, with no dominant view emerging on what the issues are and how they could be deal with in terms of the narrow mandate of the Punta del Este Declaration.

Participants said discussions in the group have brought out three broad viewpoints.

One viewpoint it that of the United States and Japan, which in effect are seeking a free hand for the transnational investors, and creating an international investment regime to curb regulation of investment activities by host countries.