Host country operational measures
Host country operational measures: HCOMs. An UNCTAD contribution to the analysis of international investment agreements. It describes “the vast array of [investment] measures implemented by host countries concerning the operation of foreign affiliates once inside their jurisdictions”. UNCTAD divides HCOMs into three groups. The first, so-called “red light” HCOMs, contains measures explicitly prohibited by multilateral agreements, such as the Agreement on Trade-Related Investment Measures. The second group, the “yellow light” HCOMs, is made up of measures additionally prohibited, conditioned or discouraged by inter- regional, regional or bilateral agreements. The third group, the “green light” HCOMs, are not generally prohibited through international investment
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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