The GFIN proposal transforms these agreements into plurilateral structures, potentially intensifying pressure on policymakers to accelerate cross-border market access for participating FinTech firms.
Such an action would "transform" the agreement into a pure sole-executive agreement, making it potentially more susceptible to legal challenge.
"How we transform the agreement into a legally binding document which will be endorsed by a resolution of the United Nations Security Council that is the area where we need to do a lot of work," he said.
"How we transform the agreement into a legally binding document which will be endorsed by a resolution of the United Nations Security Council — that is the area where we need to do a lot of work," he said.
The US president's actions have left trade experts across North America divided, sparking debates as to whether the deadline set out by the White House is firm and whether the president has the authority to transform the trilateral agreement into a bilateral one.
The longer-range plan was to run the volunteers through a brief training program and institutionalize the arrangement by securing the Iraqi government's agreement to transform them into the local police.
Nevertheless, the Chiang Mai Agreement has fueled discussion about deeper cooperation in the future, such as transforming the bilateral swap agreements into a true multilateral institution and creating a unified Asian currency.
After that, Secretary of State Colin L. Powell flew off to Reykjavik, Iceland, to make final a separate agreement that would transform Russia into a partial member of the 19-nation NATO alliance.
Floors transform into ceilings, inside into outside.
Congo's Peace, Security and Cooperation Framework has established a skeleton of commitments for the nation's government, other governments in the region and the international community, but the input and support from the people and women of eastern Congo is essential to transforming a peace agreement into meaningful change.
What seems breathtakingly complicated, however, is how one mobilizes the necessary political will, in the region and beyond, to transform these principles into an agreement on a lasting accord.
