The word "tiga" is a simple three-letter word that can be spelled as /ˈtiːɡɑː/ in IPA phonetic transcription. The first letter, "t", is pronounced as a voiceless alveolar plosive followed by a long vowel sound pronounced as /iː/. The second letter, "g", is pronounced as a voiced velar plosive followed by a low back vowel sound pronounced as /ɑː/. The final letter, "a", is pronounced as a long vowel sound pronounced as /ɑː/. Together, these sounds create the word "tiga".
TIGA is an acronym that stands for the "Trade and Investment Framework Agreement." It is a term commonly used in international trade and commerce to refer to a specific type of agreement between two countries. The primary purpose of a TIGA is to establish a framework and guidelines to promote and facilitate trade and investment activities between the signatory countries.
A TIGA outlines the rules and regulations regarding various aspects of trade, such as tariffs, customs procedures, and intellectual property rights. It provides a formal structure for ongoing negotiations and discussions on trade-related matters, aiming to enhance economic cooperation and strengthen business relationships between the participating countries.
Typically, a TIGA involves regular meetings between representatives from both countries to review and evaluate trade performance, address barriers to trade, identify investment opportunities, and discuss ways to enhance bilateral economic ties. The agreement may also include provisions for resolving trade disputes through mechanisms such as arbitration or mediation.
Overall, a TIGA serves as a foundation for promoting open and fair trade, fostering economic growth, and deepening collaboration between countries. It provides a comprehensive framework to ensure that trade and investment activities are conducted in a mutually beneficial and transparent manner.