- August 22, 2022
- Posted by: admin
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The United States has entered into a number of free trade agreements (FTAs) over the years, which have opened up new markets for U.S. businesses and created new opportunities for American workers. In this article, we’ll provide a comprehensive list of the free trade agreements that the United States has entered into, including information about what they cover and how they benefit U.S. businesses.
North American Free Trade Agreement (NAFTA)
The North American Free Trade Agreement, or NAFTA, is a trilateral agreement that came into effect in 1994 and covers trade among the United States, Canada, and Mexico. NAFTA eliminated most tariffs on goods traded between the three countries, and also includes provisions related to intellectual property, services, investment, and other issues. The agreement has been controversial at times, with some critics arguing that it has led to job losses and other negative effects, but supporters say that it has increased trade and investment opportunities in North America.
US-Jordan Free Trade Agreement
The United States-Jordan Free Trade Agreement (FTA) was signed in 2000 and came into effect in 2001. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for Jordan, which has seen an increase in trade with the United States since the agreement was signed.
US-Australia Free Trade Agreement
The United States-Australia Free Trade Agreement (FTA) was signed in 2004 and came into effect in 2005. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. farmers and businesses that export to Australia.
US-Chile Free Trade Agreement
The United States-Chile Free Trade Agreement (FTA) was signed in 2003 and came into effect in 2004. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Chile.
US-Singapore Free Trade Agreement
The United States-Singapore Free Trade Agreement (FTA) was signed in 2003 and came into effect in 2004. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Singapore.
US-Morocco Free Trade Agreement
The United States-Morocco Free Trade Agreement (FTA) was signed in 2004 and came into effect in 2006. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Morocco.
US-Bahrain Free Trade Agreement
The United States-Bahrain Free Trade Agreement (FTA) was signed in 2004 and came into effect in 2006. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Bahrain.
US-Peru Free Trade Agreement
The United States-Peru Free Trade Agreement (FTA) was signed in 2006 and came into effect in 2009. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Peru.
US-Colombia Free Trade Agreement
The United States-Colombia Free Trade Agreement (FTA) was signed in 2011 and came into effect in 2012. The agreement eliminated most tariffs on goods traded between the two countries, and also includes provisions related to services, investment, and other issues. The FTA has been beneficial for both countries, especially for U.S. businesses that export to Colombia.
In conclusion, the United States has entered into a number of free trade agreements over the years, which have opened up new markets for U.S. businesses and created new opportunities for American workers. These agreements have been beneficial for both the United States and its trading partners, and have helped to increase trade and investment around the world. By keeping an eye on these agreements and understanding what they cover, U.S. businesses can take advantage of the many benefits they offer.