Moldova has been a member of the World Trade Organization (WTO) since 2001 and, as such, a signatory to the General Agreement on Trade in Services (GATS), the Agreement on Trade-Related Investment Measures (TRIMs) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). These agreements contain important investment obligations, such as opening up foreign service providers to set up, banning local content, commercial and domestic sales requirements (TRIM) and protecting intellectual property (TRIPS). No major inconsistencies were reported to the WTO TRIMS. In 2002, EXIM signed a memorandum of cooperation with the Black Sea Trade and Development Bank. Under the memorandum, EXIM funding can be used to support exports of U.S. goods and services to any country in the Black Sea region, including Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The agreement allows the Black Sea Development Bank to act as debtor or guarantor of certain transactions and provides for parallel financing agreements. The Foreign Investors Association (FIA) was established in 2004 with the support of the OECD. . . .
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