CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. US, CARICOM Sign TIFA

US, CARICOM Sign TIFA

by Mike Godfrey, Tax-News.com, Washington

31 May 2013


On May 28, in Port of Spain, Trinidad, Vice President Joe Biden and Haitian President Michel Martelly signed a trade and investment framework agreement (TIFA), which will provide for a forum to discuss specific trade issues between the United States and the Caribbean Community (CARICOM).

The 15 member states of CARICOM are Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago. In 2012, US exports to those states were USD11.7bn, up 6 percent from 2011, with the leading products being mineral fuel, machinery and cereals.

"We are honored that Vice President Biden and Haitian President Martelly signed the TIFA, which provides us with a valuable framework to discuss trade and investment issues," said Acting United States Trade Representative Ambassador Miriam Sapiro. "We will work diligently to strengthen our relationship with CARICOM in order to expand trade and investment, create jobs across the hemisphere, and enhance competitiveness."

The US and CARICOM signed an agreement establishing a Trade and Investment Council in 1991. That agreement will be replaced by the TIFA. The new Council will address a wide range of trade and investment issues, such as facilitation of trade and investment, multilateral cooperation, intellectual property rights, worker rights, environmental protection, and removing barriers to bilateral trade. The Council will have its first meeting later this year.

TAGS: Haiti | Suriname | Bahamas | Montserrat | Saint Lucia | Saint Vincent and the Grenadines | trade treaty | Belize | Grenada | Jamaica | Trinidad and Tobago | agreements | Antigua and Barbuda | Dominica | Guyana | Saint Kitts and Nevis | United States | trade | Barbados

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »