from being bargained away to a greater or lesser eKtent -the right to make such a bargain being aiso an inherent aspect of sovereignty.) Developi ng countries ha,e in the past worried greatly about control of their economies through foreign investment. That fear is not confined to developing countries alone. It is likely that, whether or not explicitly acknowledged in an understanding on tracle in services, some aspects of the flavour of the code regarding right of entry will be reflected, whether by the listing of restricted industries, percentages of foreign investment, reporting requirements, or otherwise. 68. Thus, the provisions of the code on transnational corporation s, and government conduct could, in many instances, be replicated in Uruguay Round conclusions. In this sense, the old concept of a "GATT for investment" -which, when proposed, seemed impractical to many observers mainly because fundamental principles had not been worked out or even openly debated -has now acquired a new vitality. This lends importance to ongoing discussions on the code and on the substance of its provisions, both in the context of the Commission on Transnational Corporations and in the debates centered on the Uruguay Round. B. Trade in services and the cQ~ 69. The Uruguay Round of trade negotiations, now approaching its end, should thus produce renewed interest in the code, as well as in other efforts towards standards of conduct for, and treatment of. the foreign affiliates of transnati onal corporations. Code efforts have a considerable relevance, especially in the i\rea (of great prominence in 'the Uruguay Round) of trade in services. ill Much foreign trade leads to foreign investment, in the natural evolution from "mere" trade to the establishment of operations 'in the country of destination of goods that are essential for the promotion of sales or the servicing of such goocls. Where 
**Analysis**
The text discusses the implications of foreign investment on economic development, particularly in the context of international trade agreements. It highlights the importance of balancing national sovereignty with the need for foreign investment, and touches on the issue of control over economies. The text also mentions the connection between trade in goods and services and foreign investment.

**Category**
International trade