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A.	Differentiate between TRIPs and TRIMs. State the 
items prohibited in TRIMs.
B.	Briefly describe India's policy on import of 

 Question Submitted By :: Industrial-Management
I also faced this Question!!     Answer Posted By  
# 1
TRIM: Trade Related Investment Measures are rules that
apply to the domestic regulations a country applies to
foreign investors, often as part of an industrial policy.
A....TRIM is/are rules, which restrict preference of
domestic firms and thereby enable international firms to
operate more easily within foreign markets.
Example: Export Prohibited items from India: Gold, animals,
natural resources (some kind of trees) etc.
TRIP: Trade Related Aspects of Intellectual Property Rights
is an agreement that sets down minimum standards for many
forms of intellectual property regulation. Specifically,
contains requirements that nations law must meet for:
copyright rights, patents; trademarks and undisclosed of
confidential information.

Is This Answer Correct ?    158 Yes 21 No
# 2
TRIP: Trade Related Aspect of Intellectual Property Rights
is an agreement which allow members to provide protection of
intellectual property and left free to determine the
appropriate method of implementing the provisions of the
agreement within their own legal system and practice.
TRIM: Trade Related Investment Measures an agreement
regarding Trade Related that making the approval of
investment conditional on compliance with laws, polices or
administrative regulations that favoured domestic products.
Is This Answer Correct ?    72 Yes 16 No
Zeeshan Ul Haq

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