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Trade-related investment measures such as local content measures were banned under an agreement negotiated during the Uruguay Round, which ended in 1993. The Trade-Related Investment Measures (TRIMS) agreement, which prohibits countries from imposing local content requirements that obligate foreign investors to use a certain percentage of domestically produced inputs, must be amended so that countries will have the freedom to enact policies needed to strengthen local industries. WTO, Canada's GSP scheme, and various trade-related investment measures, noting to which international conventions Canada and ASEAN members jointly adhere. |
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