What does TRIMS mean in FDA?
This page is about the meanings of the acronym/abbreviation/shorthand TRIMS in the Governmental field in general and in the FDA terminology in particular.
Submitted by paul8539 on October 21, 2011
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Definition
What does TRIMS mean?
- trims
- The Agreement on Trade-Related Investment Measures (TRIMs) are rules that are applicable to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. The agreement, concluded in 1994, was negotiated under the WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), and came into force in 1995. The agreement was agreed upon by all members of the World Trade Organization. Trade-Related Investment Measures is one of the four principal legal agreements of the WTO trade treaty. TRIMs are rules that restrict preference of domestic firms and thereby enable international firms to operate more easily within foreign markets. Policies such as local content requirements and trade balancing rules that have traditionally been used to both promote the interests of domestic industries and combat restrictive business practices are now banned.
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"TRIMS." Abbreviations.com. STANDS4 LLC, 2024. Web. 21 May 2024. <https://www.abbreviations.com/term/574793>.
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