Expanding Cooperation
Under the E3, the United States and ASEAN are working together to develop new cooperative activities that complement work taking place under the ASEAN-United States Trade and Investment Framework Arrangement (TIFA), signed in 2006. Recognizing the importance of foreign investment and the growth of the digital economy as drivers of ASEAN’s development, the United States proposed in March that ASEAN and the United States seek to reach agreement on optimal policies and practices in these areas.
Other ongoing activities under the E3 or TIFA include cooperation on standards cooperation, including on technical barriers to trade and good regulatory practices; support for ASEAN trade facilitation efforts; trade and the environment; and the development of open and transparent business environments for Small- and Medium-Sized Enterprises (SMEs).
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