Framework Agreements

Framework Agreements

Framework Agreements and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Framework Agreement (2): Also known as a Trade and Investment Framework Agreement, or TIFA. A bilateral agreement establishing a mechanism for consultations on trade and investment policy in conjunction with the Enterprise for the Americas Initiative (EAI). The EAI framework agreements set up intergovernmental councils to discuss and negotiate the removal of trade and investment barriers; the councils also serve as fora to prepare for subsequent stages of trade liberalization, including the possible negotiation of free trade agreements (FTAs). Since the EAI was launched, the United States has concluded framework agreements with Bolivia, Colombia, the Dominican Republic, Ecuador, El Salvador, Chile, Costa Rica, Guatemala, Honduras, Nicaragua, Panama, Peru, and Venezuela, as well as with MERCOSUR and CARICOM (Sec. III). The United States has signed similar framework agreements with Australia and New Zealand.


Posted

in

, ,

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *