Wake North Carolina Framework Agreement

State:
Multi-State
County:
Wake
Control #:
US-13403BG
Format:
Word; 
Rich Text
Instant download

Description

Framework agreements are arrangements between one or more buyers and one or more suppliers that provide the terms governing contracts to be established for a certain period of time, in particular with regard to price and, where necessary, the quantity envisaged.
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FAQ

A Trade and Investment Framework Agreement (TIFA) is a trade pact that establishes a framework for expanding trade and resolving outstanding disputes between countries.

The TIFA establishes TIFA Council meetings as the key mechanism for trade and investment dialogue between the U.S. and Taiwan authorities, and covers a broad range of issues important to U.S. and Taiwan stakeholders.

Open framework agreement means a framework agreement which provides that a supplier other than the initial supplier(s) may subsequently be a party to the agreement.

Literally, a bilateral trade agreement is one made between two contracting parties, and a regional trade agreement is one made between two or more contracting parties that share some common denomination known conceptually as region. The purpose of such agreements is to reinforce trade relations between the members.

Currently no Free Trade Agreements (FTA) have been concluded on a bilateral basis between the United States and Sub-Saharan African countries.

FTAs are treaties between two or more countries designed to reduce or eliminate certain barriers to trade and investment, and to facilitate stronger trade and commercial ties between participating countries.

The United States and Uruguay signed the United States - Uruguay TIFA on January 25, 2007. The TIFA established the United States - Uruguay Trade and Investment Council (TIC) and serves as a mechanism to further deepen the trade and investment dialogue.

Framework agreements are long-term relationships with suppliers, which create a commercial environment that is more conducive to sustainable investment and employment in local construction businesses, and cuts waste in processes and physical resources.

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Wake North Carolina Framework Agreement