Trade And Investment Enhancement Agreement

This could be achieved through a work programme that could include, inter alia, that the United States and ASEAN concluded the United States-ASEAN Trade and Investment Agreement (TIFA) in 2006 and have been working since then to establish trade and investment relations between the United States and ASEAN and to promote ASEAN regional economic integration. The United States intensified its work under the TIFA in 2009 and presented senior ASEAN officials with a series of ambitious proposals to be followed under the tifa work plan. These proposed initiatives aim to achieve concrete results in a wide range of areas, including trade facilitation, logistics, the digital economy, trade finance, trade and the environment. The ten ASEAN member countries together form the fourth largest export market for the United States and its fifth-largest trading partner in both directions. ASEAN countries include Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Trade between the United States and ASEAN continues to grow, and bilateral trade in goods amounted to $177 billion in 2008. With robust economies and a total population of about 550 million, the ten member countries of the ASEAN market offer considerable potential opportunities for U.S. companies. In addition to contributing to the improvement of bilateral trade and economic relations, the TIEA should support multilateral trade negotiations and help keep the EU and Canada very committed. Therefore, the issues addressed in the Doha Ministerial Declaration of the World Trade Organisation (WTO) should be the subject of bilateral cooperation within the framework of the TIEA, without prejudice to the ongoing negotiations in the WTO. Following the instructions given by the Heads of State and Government at the Canada-EU Summit held in Ottawa on 19 December 2002 with a view to „developing a new type of future-oriented and far-reaching bilateral agreement aimed at improving trade and investment“, the European Commission and the Canadian Government worked to define the scope and main objectives of this agreement.

The United States has TIFAs with countries at different stages of development and trade and investment interests.