TIFAs
TIFAs are precursors or stepping stones to FTAs and/or BITs. They establish a political and legal commitment between the United States and another government to enhance bilateral trade and investment through increased liberalisation. TIFAs normally involve the setting up of a joint council to plan, monitor and review action. Historically, TIFAs pave the way to full-fledged bilateral agreements on trade and investment at a later date.
last update: May 2012
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