>is there a way to read an EXIF data from an image file e.g JPG,TIFF using VFP?

Although I haven't done it programmatically,it is certainly possible.
There are a number of utilities and packages that do it. For you to do it wou'd would need VFP8+ and GDI+ I believe.

See:
This one has sample VB code:
http://www.vbaccelerator.com/home/VB/Code/vbMedia/Using_GDI_Plus/Reading_EXIF_and_Other_Image_Properties/article.asp

http://johnst.org/sw/exiftags/
http://www.watermarker.com/exif-iptc-gps/

For GDI+:
VFP help
Code Magazine has published good articles on GDI+ http://www.code-magazine.com/SearchResults.aspx?search=gdi+