Recent Free Trade Agreements
Posted on March 25th, 2022 in Uncategorized | Comments Off on Recent Free Trade Agreements
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 » Online Research Papers General documents on regional trade agreements are document coded WT/REG/*. As part of the mandate of the Doha trade negotiations, they use TN/RL/* (where * assumes additional values). These links will open a new window: wait a moment for the results to appear. 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 » Morocco Since the implementation of the United States-Morocco Free Trade Agreement in January 2006, the United States has reached 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 amounted to $788 million. USTR US-Morocco FTA Page » All trade statistics are from foreign trade – U.S. Census Bureau ». South Korea Korea-United States The Free Trade Agreement (KORUS-FTA) entered into force on March 15, 2012. Korea is the sixth-largest trading partner of the United States, with bilateral trade worth about $84.3 billion worth of goods in 2016.
U.S. exports to Korea were estimated at $30.7 billion, while imports from Korea this year amounted to $53.5 billion. USTR South Korea FTA Page » Free Trade Agreements (FTAs) help expand global market 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. 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 » Regional Trade Agreements (RTAs) have increased in number and scope over the years, including a remarkable increase in large plurilateral agreements under negotiation. Non-discrimination between trading partners is one of the fundamental principles of the WTO; However, RTAs, which are reciprocal preferential trade agreements between two or more partners, are one of the exceptions and are allowed under the WTO subject to a number of rules. Information on ATRs notified to the WTO is available in the ATR database. Bahrain Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for U.S. companies.
==External links==Exports to Bahrain, which totalled $652.3 million in 2016, have steadily increased since the entry into force of the free trade agreement. Two-way merchandise trade reached $1.2 billion in 2016, up 61% since 2005.USTR Bahrain FTA Page » THE FAS is working with other U.S. government agencies and the private sector to negotiate not only new trade deals that benefit U.S. agriculture, but also to hold our trading partners accountable for their commitments under existing free trade agreements. The United States has implemented 14 trade agreements with a total of 20 countries. 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 » Australia The U.S.-Australia Free Trade Agreement entered into effect on January 1, 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 » Report on the Treatment of Medical Devices in Regional Trade Agreements (RTAs) Information for U.S. exporters is available from the Department of Commerce at: 2016.export.gov/FTA/index.asp Chile Since the U.S.-Chile Free Trade Agreement came into effect in January 2004, U.S. exports to Chile have increased from $2.7 billion in 2003 to more than $10 billion in 2016. Chilean exports to the United States increased from $3.7 billion in 2003 to $6.7 billion in 2016. USTR U.S.-Chile FTA Page » Negotiations to clarify and improve WTO disciplines for RTAs are part of the work of the Negotiating Group on Rules, which reports to the Trade Negotiations Committee. > See also transparency mechanism notifications (early announcements of RTAs, notifications of changes, etc.) Central American Free Trade Agreement (CAFTA-DR) USTR Cafta-DR 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. Parallel comparison of free trade agreements and some preferential, non-textile trade law programs You can perform more sophisticated searches via the online document search function (Opens in a new window) by defining several search criteria such as document symbol (e.B code number), full-text search or document date. 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 » Colombia Negotiations between Colombia and the United States were concluded in February 2006 and implemented on May 15, 2012. In 2016, the United States imported $10.4 billion worth of goods from Colombia and exported $9.7 billion worth of goods to Colombia. USTR US-Colombia TPA page”. WTO members agreed in 2006 to introduce a provisional mechanism to increase the transparency of RTAs and understand their impact on the multilateral system.
Under this procedure, Members will inform the WTO of their RTAs and these will be reviewed by WTO Members on the basis of a factual statement prepared by the WTO Secretariat. .