Article 21
PROTECTION OF INFANT INDUSTRIES
1.
Notwithstanding the provisions of Article 4 of this Protocol, upon the application by a Member
State, the CMT may as a temporary measure in order to promote an infant industry, and
subject to WTO provisions, authorize a Member State to suspend certain obligations of this
Protocol in respect of like goods imported from the other Member States.
2.
The CMT may, in taking decisions under paragraph 1 of this Article, impose terms and
conditions to which such authorization shall be subject, for the purposes of preventing or
minimizing excessive disadvantages as those which may result in trade imbalances.
3.
The CMT shall regularly review the protection of infant industries by a Member State applied in
accordance with paragraph 1 of this Article.
PART FIVE
TRADE RELATED INVESTMENT MATTERS
Article 22
CROSS-BORDER INVESTMENT
Member States shall adopt policies and implement measures within the Community to promote an open
cross-border investment regime, thereby enhancing economic development, diversification and
industrialization.