investment measures that are or may be covered by existing articles of the General Agreement on Tariffs and Trade (GA.TT) and other. investment measures that may not be covered adequately in existing GATT articles but are relevan.t to the. mandate of the Group of Negotiators given by the Punta del Este Ministerial .Declaration; the Group is also directed to consider development aspects that would require attention. 4~/ I • • • EiC .10/1990/5 English Page 21 66. Given the work of the Commission on Transnational Corporati ons, it would seem that these tasks could be advanced by consideration of the rather substanti al achievements on investment measures which are contained in the current draft code. It may well be that the language of the articles so far more or less agreed in the code might be adjusted. But their relevance, and the relevance <•f the work done in achieving a rather substantial amount of consensus, to Uruguay Round objectives, is clear. Clauses having to do with nationa l treatment, with balance between the interests of developing countries and of developed countries in investmeut matters, are surely fundamental to fair trade practice, especially in the Jight of present and increasingly growing internationalization of investment and of international investment as integral to world trade. 67. The code,· even in its present incomplete form, might be useful to the elaboration of provisions regulating trade where, as in services, right of establishment is important. The code has the flavour of the environ meul in which it has been negotiated -that is, it reflects something of the concern of developing countries about unrestricted entry of foreign investment. The right to determine which investment may enter a country has tradjtionally been cherish ed as an inherent right of sovereignty. (This does not, of course, prevent that right 
**Analysis**
The text appears to be discussing the implications of investment measures on international trade and the role of the Group of Negotiators in the Uruguay Round. It highlights the importance of considering development aspects and the relevance of the work done on the draft code of investment measures to the objectives of the Uruguay Round. The text does not mention specific sectors or industries, but rather focuses on the general framework of investment measures and their relationship to international trade.

**Category**
International trade