Trade Agreements For Us
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 percent, from $568 million in 2001 to more than $2 billion in 2016. USTR US-Jordan FTA Page » The United States has implemented 14 trade agreements with a total of 20 countries. Bahrain Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for the U.S. economy. U.S. exports to Bahrain, which totaled $652.3 million in 2016, have been consistently higher since the free trade agreement came into force. Bilateral trade in goods reached 1.2 billion in 2016, up 61% since 2005. USTR Bahrain FTA Page » Peru The U.S.-Peru trade agreement was signed in December 2007. Removing barriers to trade and creating a more stable and transparent trade and investment environment makes it easier and cheaper for U.S.
companies to export their products and services to commercial markets. Here is a list of free trade agreements involving the United States. In parentheses, the abbreviation, if any, accession, unless otherwise specified in advance, and the date of entry into force. Another important type of trade agreement is the Trade and Investment Framework Agreement. TTIFA provides a framework for governments to discuss and resolve trade and investment issues at an early stage. These agreements are also a way to identify capabilities and work on them, where appropriate. Panama The Trade Promotion Agreement between the United States and Panama was signed in October 2011 and entered into force on October 31, 2012. The United States maintained a constant trade surplus with Panama under the agreement. In 2016, the United States exported $4.6 billion in goods to Panama, while it imported $3,056 million in Panamanian products.
USTR US-Panama TPA Page » The North American Free Trade Agreement (NAFTA) came into effect on January 1, 1994. NAFTA exports support more than three million U.S. 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, trade in goods between the United States and NAFTA`s two trading partners amounted to nearly $800 billion. USTR NAFTA Page » Why would you take care of it? The United States has negotiated trade agreements with 20 countries to facilitate the flow of goods across the border where your customer is located. Access to the benefits of a free trade agreement means giving yourself a competitive advantage. 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 $US 9.3 billion in 2016.
In the same year, the United States exported $16.6 billion in goods and imported $7.3 billion in Australian products. USTR Australia FTA Page » Israel The Free Trade Agreement between the United States and Israel, our country`s first free trade agreement, entered into force on September 1, 1985. Since the free trade agreement came into force, total bilateral trade with Israel has quintupled from $4.7 billion in 1985 to more than $27 billion in 2016. . . .