WORLD TRADE
ORGANIZATIONWT/L/441
10 January 2002
(02-0109)
COLOMBIA – EXTENSION OF THE APPLICATION OF ARTICLE 5.2
OF THE AGREEMENT ON TRADE-RELATED
INVESTMENT MEASURES
Decision of 20 December 20011
The General Council,
Having regard to  paragraphs 1, 3 and 4 of Article IX of the Marrakesh Agreement
Establishing the World Trade Organization (the "W TO Agreement"), the Guiding Principles to be
followed in considering application for waiver s adopted on 1 November 1956 (BISD 5S/25), the
Understanding in Respect to Waivers of Obligations under the General Agreement on Tariffs and
Trade 1994, and Decision – Making Procedures under Articles IX and XII of the WTO Agreement as
agreed by the General Council (WT/L/93),
Conducting  the function of the Ministerial Conference in the interval between meetings
pursuant to paragraph 2 of Article IV of the WTO Agreement,
Noting  that Colombia has committed itself to eliminate its remaining TRIMs,
Taking note  of the request from Colombia for a waiver of the requirements of Article 5.2 of
the TRIMs Agreement until 31 December 2003 with respect to the TRIM applied to beans
(G/C/W/340),
Considering  that in support of this request Colombia has submitted a description of the steps
it has taken to date and/or will take to eliminate its remaining TRIMs;  a reasonable phase-out plan for
eliminating these TRIMs no later than 31 December 2003, taking into account its development,
financial and trade needs;  and a commitment to submit periodic reports to the Council for Trade inGoods on the progress it makes in phasing out its remaining TRIMs (G/C/W/296 and Corr.1, and
G/C/W/340),
Decides  as follows:
1. Article 5.2 of the TRIMs Agreement shall be waived until 31 December 2003 in respect of the
application of the TRIM described in G/C/W/296 to the products identified in G/C/W/340,
subject to Colombia meeting the agreed terms of its phase-out plan;
2. Colombia shall report by 31 December 2002 to the Council for Trade in Goods on the
progress it makes in phasing out its remaining TRIMs.
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1 Adopted in accordance with the Decision-Making pr ocedures under Article IX and XII of the WTO
Agreement agreed by the General Council (WT/L/93).