On February 21, AmCham submitted a letter in support of signing a Trade and Investment Framework Agreement (TIFA) to the United States Trade Representative Office highlighting the important milestones between the Moldova - US economic partnership and arguments in support of signing an agreement as well as an accompanying report on the Constraints of Doing Business in Moldova by US Companies.
TIFA sets the legal basis for stronger economic ties between the U.S. and the other party to the agreement and facilitating and encouraging discussions and cooperation by setting a TIFA Council. TIFA Councils are formed and normally meet at least once a year at top government levels to discuss ways in which trade and investment relations could be enhanced.
The subjects discussed within TIFA Council meetings may range from the removal of specific trade and investment barriers to systemic issues that have affected the business environment in Moldova. Once the Council is established, specific business issues may be addressed within its meetings (ex.: Issues of discriminatory treatment and protectionism; specific taxation and custom administration issues; intellectual property rights; other issues related to business activity.).
Click here to view the letter.