The trade agreement that I chose is Trade and Investment Framework Agreements (TIFAs). This trade provides strategic frameworks and principles for dialogue on trade and investment issues between the United States and the other parties to the TIFA. The country that I chose is Egypt.
Although the names of Framework Agreements may vary, e.g., the Trade, Investment, and Development Agreement (TIDCA) with the South African Customs Union, or the United States-Icelandic Forum, these agreements all serve as a forum for the United States and other governments to meet and discuss issues of mutual interest with the objective of improving cooperation and enhancing opportunities for trade and investment. (USTR)
How would this trade agreement impact your strategic decision making?
I don’t think this trade agreement would hurt my strategic planning at all. The fist line in this agreement clearly states, “Desiring to enhance the partnership, friendship, and spirit of cooperation between the two countries”. If we have our business plan in order and they can see that is what we are looking to do, I honestly don’t think it would be any problems getting started in this country. “Recognizing the essential role of private investment, both domestic and foreign, in furthering growth, creating jobs, expanding trade, improving technology and enhancing economic development.” This is number six of the agreement. The business plan will include everything to help assure that is what our business goal is and why we would like to partner with them. So for strategic planning my goal would be to include these two very important (to me) guidelines into the business plan and make sure it is strong, so we can assure we are in it to help them also.
Consider the areas of the trade agreement that most threaten a successful strategic partnership with an offshore outsourcing possibility.
The only part of this agreement is article 5 part 1. “Either Party may raise for consultation between the Parties any investment matter not arising under the Investment Treaty or any trade matter. Requests for consultations shall be accompanied by a written explanation of the subject to be discussed and consultations shall be held within 30 days of request, unless the requesting party agrees to a later date.” If for any reason Egypt doesn’t feel we are complying with this trade agreement partnership they can request a consultation. This request can take up to 30 days or mare and can hinder the startup of the company or even stop that progress all together. In the event they stop the progress we would have to start from scratch and find another country to partner with.
Would this move be a good idea or not? Yes, this would be a good move. Everything goes back to having a strong plan and organization of your team. Your main goal is to make the country you are targeting comfortable and that our are working towards their advancement.
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