In the Services section on the WTO website, you will find information on WTO work on investment and the General Trade in Services Agreement (GATS) A Framework Agreement on Trade and Investment (TIFA) is a trade pact that establishes a framework for extending trade and resolving outstanding disputes between countries. Within the WTO, there are three main areas of work for trade and investment: although the names of framework agreements may vary. B for example, the Trade, Investment and Development Agreement (TIDCA) with the South African Customs Union or the U.S.-Icelandic Forum, these agreements all serve as a forum for the United States and other governments to discuss issues of common interest to improve cooperation and improve trade and investment opportunities. The Trade-Investment Relations Working Group was established at the Singapore Ministerial Conference in 1996 to examine the relationship between trade and investment. There are no negotiations on new rules or commitments. Brief information on trade and investment within the WTO Links to the Trade and Investment Division of the WTO Guide to the WTO Agreement. Commitment to the transparent implementation of these agreements (91) Addis Ababa`s agenda aims to ensure that trade and investment agreements do not compromise countries` ability to pursue public policy objectives. The U.S. trade deficit with Taiwan was $15.2 billion in 2006, an increase of $2.4 billion from $12.8 billion in 2005. In 2006, exports of goods to the United States amounted to $23.0 billion, up 4.3% from the previous year.
Corresponding U.S. imports from Taiwan were $38.2 billion, an increase of 9.7%. Taiwan is the eleventh largest export market for U.S. products since June 2015. U.S. exports of private commercial services (excluding the military and government) to Taiwan totaled $6.4 billion in 2005 (the most recent data available) and U.S. imports were $6.4 billion. In 2004, sales of services to Taiwan by U.S.-led subsidiaries led by the majority of the United States amounted to $10.2 billion (latest data available), while in the United States, the majority of sales of services by Taiwanese companies were $475 million. The stock of foreign direct investment in the United States (FDI) in Taiwan amounted to $13.4 billion in 2005.
U.S. FDI in Taiwan focuses primarily on wholesale trade, finance and production. The United States and Taiwan continued to cooperate to improve economic cooperation through bilateral trade and investment framework agreements (TIAAs). TIFA, established in 1994, is an important mechanism for both parties to resolve bilateral trade issues and address U.S. business concerns. The United States and Taiwan held a productive meeting of the fifth meeting of the TIFA Joint Council in Taipei from 25 to 26 May 2006, at which issues related to agricultural trade, intellectual property rights, medicines, procurement and investment, and other areas were discussed.