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No one really knew who was in charge, or, 1 800 cash now for that matter, if anyone was in charge at all. However, using the WTO agreement (known as the TRIMS agreement, or the Trade-related Investment Measures agreement), bilateral free-trade agreements (FTA s) and bilateral investment treaties (BIT s), the rich countries (including Japan, which used to regulate FDI most severely in the world) have made a number of these regulations, such as the local contents requirement,.