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A notable one is the North American Free Trade Agreement (NAFTA). While the NAFTA agreement deals with a very broad set of issues, most importantly cross-border trade between Canada, Mexico and the United States, chapter 11 of this agreement covers detailed provisions on foreign investment similar to those found in BITs. [5]
The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips most of the formalities and lists deal terms in bullet-point or similar format. There is an implication that an LOI only refers to the final form.
A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the "friendship ...
From the document, Mr. Khor understood that multilateral investment negotiations, which his organisation as part of a large coalition opposed at the WTO, might be ongoing at the OECD. He informed some NGO colleagues, among whom was Tony Clarke, Director of the Polaris Institute in Canada. Tony Clarke managed to get a copy of the MAI draft.
The English law Credit Support Annexes are Confirmations, and the transactions constituted by them are Transactions, under the Master Agreement and therefore form part of the single agreement together with the Master Agreement. The English law Credit Support Deed, on the other hand, is a separate agreement between the parties.
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The United States and Taiwan continued to work together to enhance economic cooperation through bilateral Trade and Investment Framework Agreement (TIFA) process. The TIFA, which was established in 1994, is an important mechanism for both parties to resolve bilateral trade issues and to address the concerns of the U.S. business community.
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