The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. NAFTA exports support more than three million American jobs. In the first ten years of NAFTA, merchandise trade between the three countries more than doubled, from about $293 billion in 1993 to nearly $627 billion in 2003. In 2016, merchandise trade between the United States and nafta`s two trading partners totalled nearly $800 billion. USTR NAFTA Page » All Foreign Trade Statistics – U.S. Census Bureau ». FAS works with other U.S. government agencies and the private sector not only to negotiate new trade agreements that benefit U.S. agriculture, but also to hold our trading partners accountable for their commitments under existing free trade agreements. Oman Oman was the fifth country in the Middle East to sign a free trade agreement with the United States, and the free trade agreement between the United States and Oman was implemented in January 2009. In 2016, the United States exported $1.2 billion worth of goods to Oman and imported $882 million worth of Omani products.
USTR Oman FTA Page » The United States has implemented 14 trade agreements with a total of 20 countries. The United States has begun negotiating bilateral and multilateral free trade agreements with the following countries and blocs: Here is a list of free trade agreements that include the United States. Parentheses may include the abbreviation, composition, unless otherwise specified, and date of entry into force. The USTR has primary responsibility for the administration of U.S. trade agreements. This includes monitoring the implementation of trade agreements with the United States by our trading partners, enforcing America`s rights under those agreements, and negotiating and signing trade agreements that advance the president`s trade policy. Free trade agreements (FTAs) help expand global trade opportunities for U.S. producers and exporters. Bilateral and multilateral trade agreements remove barriers to trade, reduce or eliminate tariffs, and promote investment and economic growth. The growth of international trade has led to a complex and ever-growing primary law, including international treaties and agreements, domestic legislation and jurisprudence for the settlement of trade disputes. This research guide focuses on the multilateral trading system managed by the World Trade Organization. It also contains information on regional and bilateral trade agreements, particularly those in which the United States is involved.
Peru The Trade Promotion Agreement between the United States and Peru was signed in December 2007. Since then, the United States has maintained a large trade surplus with Peru. U.S. exports to Peru increased 43% to $5.9 billion in 2016, while Peruvian imports totaled $4.3 billion. USTR Peru FTA Page » From the administration of Theodore Roosevelt, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. Today, the United States has become a leader in the free trade movement, supporting groups such as the General Agreement on Tariffs and Trade (later the World Trade Organization). [Citation needed] Panama The U.S.-Panama Trade Promotion Agreement was signed in October 2011 and entered into force on October 31, 2012. The United States has achieved a steady trade surplus with Panama under the agreement. In 2016, the United States exported $4.6 billion worth of goods to Panama, while importing $3,056 million worth of Panamanian products. USTR US-Panama TPA Page » Jordan Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, bilateral merchandise trade between the United States and Jordan has increased by more than 350%, from $568 million in 2001 to more than $2 billion in 2016. USTR US-Jordan FTA Page » The United States is a party to 14 free trade agreements (FTAs) with 20 countries. Below you will find information on the different free trade agreements.
Detailed descriptions and texts of many U.S. trade agreements can be accessed through the Resource Center on the left. The United States is a party to numerous free trade agreements (FTAs) around the world. Israel The U.S.-Israel Free Trade Agreement, our country`s first free trade agreement, entered into force on September 1, 1985. Since the FTA entered into force, total bilateral trade in goods with Israel has increased fivefold, from $4.7 billion in 1985 to more than $27 billion in 2016. USTR US-Israel FTA Page » Bahrain Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for U.S. companies. U.S. exports to Bahrain, which totaled $652.3 million in 2016, have steadily increased since the free trade agreement came into force.
Merchandise trade in both directions reached $1.2 billion in 2016, up 61% since 2005.USTR Bahrain FTA Page » The United States has free trade agreements (FTAs) in place with 20 countries. These free trade agreements are based on the WTO Agreement and include broader and stricter disciplines than the WTO Agreement. Many of our free trade agreements are bilateral agreements between two governments. But some, such as the North American Free Trade Agreement and the Free Trade Agreement between the Dominican Republic, Central America and the United States, are multilateral agreements between several parties. Australia The Free Trade Agreement between the United States and Australia entered into force on 1 January 2005. Since then, the United States has maintained a trade surplus of $9.3 billion in 2016. In the same year, the United States exported $16.6 billion worth of goods and imported $7.3 billion worth of Australian products. USTR Australia FTA Page » Another important type of trade agreement is the Trade and Investment Framework Agreement. TFA provide a framework for governments to discuss and resolve trade and investment issues at an early stage. These agreements are also a way to identify and work on capabilities, where appropriate.
The United States is a member of the World Trade Organization (WTO) and the Marrakesh Agreement Establishing the World Trade Organization (WTO Agreement) establishes rules for trade among the 154 WTO Members. The United States and other WTO members are currently participating in the Doha Round of Global Trade Negotiations for Development, and a strong and open Doha Agreement on markets for goods and services would be an important contribution to overcoming the global economic crisis and restoring the role of trade in economic growth and development. Morocco Since the implementation of the U.S.-Morocco Free Trade Agreement in January 2006, the United States has achieved a trade surplus with Morocco. In 2016, U.S. exports to Morocco increased 269 percent to $1.2 billion, while U.S. imports from Morocco totaled $788 million. USTR Us-Morocco Free Trade Agreement Page » South Korea-USA The Free Trade Agreement (KORUS-FTA) entered into force on March 15, 2012. Korea is the United States` sixth-largest trading partner, with two-way merchandise trade worth about $84.3 billion in 2016. U.S. exports to Korea were $30.7 billion, while imports from Korea this year were $53.5 billion. USTR South Korea FTA Page » For more information about the resources listed above, see the Subscription Databases page of this research guide.
Central American Free Trade Agreement (CAFTA-DR) USTR Cafta-DR Page » For questions about U.S. customs laws and tariffs, see the Law Library Customs Law (U.S.) Research Guide. For questions about non-U.S. countries regarding customs legislation and tariffs, consult the Law Library`s Customs Law Research Guide. Source: National Oceanic & Atmospheric Administration (Creative Commons License) Information for U.S. Exporters is available from the Department of Commerce at 2016.export.gov/FTA/index.asp. Trade agreements can create opportunities for Americans and help grow the U.S. economy. A parallel comparison of free trade agreements and certain preferential trade law programs, negotiations between Colombia and the United States on non-textile products were concluded in February 2006 and the agreement was implemented on 15 May 2012. .