Trade And Investment Framework Agreement (Tifa)

The North American Free Trade Agreement (NAFTA); in Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; In French: North American Free Trade Agreement, ALNA) is an agreement signed by Canada, Mexico and the United States, which creates a trilateral trade bloc in North America. The agreement came into force on January 1, 1994 and replaced the 1988 Canada-U.S. Free Trade Agreement. THE NAFTA trade bloc is one of the largest trading blocs in the world, after gross domestic product. Although the names of framework agreements may vary, B for example, the Trade, Investment and Development Agreement (TIDCA) with the South African Customs Union or the U.S.-Icelandic Forum, these agreements all serve as a forum for the United States and other governments to address and discuss issues of common interest, with the aim of improving cooperation and improving trade and investment opportunities. As part of the Enterprise for ASEAN (EEA) initiative, the United States has proposed bilateral free trade agreements with ASEAN countries committed to economic reform and the opening of a free trade agreement. The United States and each ASEAN partner would decide together whether and when they are ready to start free trade negotiations. Progress in resolving bilateral trade issues under this TIFA will enable us to resolve the bid and begin with greater confidence in negotiations for a free trade agreement that we can complete. The Trade and Investment Framework Agreements (TIFA) provide a strategic framework and principles for dialogue on trade and investment issues between the United States and other TIFA parties. Trade relations between the United States and Uruguay have grown considerably in recent years. In 2002, Uruguay and the United States established a Joint Trade and Investment Commission (JCTI) to exchange information on a wide range of economic issues. The Commission used the two countries as an important mechanism to improve and expand their trade relations and facilitated successful negotiations on the bilateral investment treaty between the United States and Uruguay (ILO), which came into force on 1 November 2006. The United States and Uruguay signed the TIFA between the United States and Uruguay on January 25, 2007.

TIFA has established the U.S. and Uruguay`s Trade and Investment Council (ICT) and serves as a mechanism for deepening the dialogue on trade and investment. On October 2, 2008, the two governments signed TIFA protocols that cover key commitments to facilitate trade and public participation in trade and the environment. TiFA contains an annex that sets out a work programme inviting both governments to address issues such as bilateral trade liberalization and bilateral investment, intellectual property rights, regulatory issues, information and communications technologies and e-commerce, trade facilitation, trade and technical capacity building. , trade in services, public procurement and health and health protection cooperation. The appendix provides for ICT to add other points to the work programme. In implementing TIFA, both sides reaffirmed their determination to expand economic opportunities between Uruguay and the United States, while coordinating their efforts to promote greater trade liberalization by the World Trade Organization (WTO). The United States has TIFA with countries on different development, trade and investment interests.

“This TIFA will strengthen trade between our nations and demonstrate our commitment to help Brunei Darussalam diversify its economy,” zoellick said. “We welcome Brunei Darussalam`s positive response to President Bush`s “Companies for ASEAN” initiative, as evidenced by his rapid efforts to conclude an TIFA.