Since CGFI serve to promote the key features of the respective national models of social partnership and cooperative industrial relations, they are more relevant for enterprises based in social market economies, where collective advocacy is the basis for labour regulation and the labour market. It is therefore not surprising that the spread of IFCs among transnational corporations outside continental Europe has so far remained quite limited, despite recent new initiatives such as the 2018 agreement between UNI Global Union and Brazilian banking company Banco Itaú.  Global unions IndustriALL, Public Services International (PSI) and Building and Wood Workers International (BWI) welcome and support the programme of the multinational energy company engie Group. Global framework agreements are the result of negotiations between multinational enterprises (MNEs) and global trade union federations and can take the form of voluntary policies, codes of conduct and other initiatives. They are based on a number of non-binding international instruments relating to business transactions, such as the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy and the OECD Guidelines for Multinational Enterprises. Unions around the world from the world`s largest steel company, ArcelorMittal, decided at a meeting in Rio de Janeiro to deepen their global relationship with the company to address current challenges. The term “International Framework Agreement” is used to distinguish negotiated agreements from the type of voluntary codes of conduct that companies adopt unilaterally to demonstrate their commitment to corporate social responsibility. Therefore, the negotiation of IFCs can be seen as the beginning of collective bargaining at the level of transnational corporations. GIFs therefore see CDAs as an opportunity to involve companies` business activities in a private standardization process in order to improve conditions for workers and unions around the world. In fact, several NFGs have developed their own policies to encourage the negotiation and implementation of CGFI, such as . B IndustriALL guidelines for GGA. IndustriALL Global Union renewed its Global Framework Agreement (GFA) with Italian energy company ENI at a meeting in Athens, Greece, on 21 June. IFCs are global in scope and are signed by NFGs. The main objective of the CDAs is to ensure that international labour standards are met at all sites of the target company. (In contrast, the European Framework Agreements (EFAs) have a regional (European) scope.) IndustriALL and Inditex, one of the world`s largest garment retailers, have agreed to set up a global union committee to share industry best practices to renew the 2007 global framework agreement. More than a hundred H&M suppliers, employing hundreds and thousands of workers, participated in joint workshops organized by IndustriALL and Swedish clothing company H&M to discuss the Global Framework Agreement (GFA) and its implementation. There are no enforcement mechanisms for IFCs globally. .