Free trade agreements of the United States

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United States
Countries with U.S. free trade agreements (bilateral, USMCA, and CAFTA-DR) FTAs with the United States.svg
  United States
  Countries with U.S. free trade agreements (bilateral, USMCA, and CAFTA-DR)

The United States is party to many free trade agreements (FTAs) worldwide.

Contents

Beginning with the Theodore Roosevelt administration, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. The United States helped negotiate the General Agreement on Tariffs and Trade (later the World Trade Organization).[ citation needed ]

The United States' first free trade agreement was signed with Israel in 1985. The free trade agreement with Israel creates the most American jobs creating per value of trade between the two countries of all American free trade agreements . [1]

Active agreements

The following agreements are currently in effect, signature and entry into force dates are as listed by the World Trade Organization. [2]

Nation (s)No of nations
represented
SignedEffectiveTreatyRef.
Flag of Australia.svg Australia 1May 18, 2004January 1, 2005 Australia–United States Free Trade Agreement [3] [4]
Flag of Bahrain.svg Bahrain 1September 14, 2005August 1, 2006 Bahrain–United States Free Trade Agreement [5] [6]
CAFTA-DR
Flag of Costa Rica.svg Costa Rica
Flag of the Dominican Republic.svg Dominican Republic
Flag of El Salvador.svg El Salvador
Flag of Guatemala.svg Guatemala
Flag of Honduras.svg Honduras
Flag of Nicaragua.svg Nicaragua
6August 5, 2004March 1, 2006 Dominican Republic–Central America Free Trade Agreement [7] [8]
Flag of Chile.svg Chile 1June 6, 2003January 1, 2004 Chile–United States Free Trade Agreement [9] [10]
Flag of Colombia.svg Colombia 1November 20, 2006May 15, 2012 United States–Colombia Free Trade Agreement [11] [12]
Flag of Israel.svg Israel
Flag of Palestine.svg Palestine Authority
2April 22, 1985August 19, 1985 Israel–United States Free Trade Agreement [13] [14]
Flag of Jordan.svg Jordan 1October 24, 2000December 17, 2001 Jordan–United States Free Trade Agreement [15] [16]
Flag of Morocco.svg Morocco 1June 15, 2004January 1, 2009 Morocco–United States Free Trade Agreement [17] [18]
Flag of Oman.svg Oman 1November 15, 2004January 1, 2006 Oman–United States Free Trade Agreement [19] [20]
Flag of Panama.svg Panama 1June 28, 2007October 31, 2012 Panama–United States Trade Promotion Agreement [21] [22]
Flag of Peru.svg Peru 1April 12, 2006February 1, 2009 Peru–United States Trade Promotion Agreement [23] [24]
Flag of Singapore.svg Singapore 1May 6, 2003January 1, 2004 Singapore–United States Free Trade Agreement [25] [26]
Flag of South Korea.svg South Korea 1June 30, 2007March 15, 2012 United States–Korea Free Trade Agreement [27] [28]
USMCA
Flag of Canada.svg Canada
Flag of Mexico.svg Mexico
2November 30, 2018July 1, 2020 United States–Mexico–Canada Agreement [29] [30]

Negotiations

The following agreements have begun negotiations since 2020.

Nation (s)No of nations
represented
StatusNoteTreatyRef.
Flag of the United Kingdom.svg United Kingdom 1Negotiations stagnatedFifth round of negotiations took place in October 2020. United States-United Kingdom FTA [31] [32]

Obsolete agreements

Nation (s)No of nations
represented
SignedEffectiveObsoleteTreatySuperseded byRef.
Flag of Canada.svg Canada 1January 2, 1988January 1, 1989January 1, 1994 Canada–United States Free Trade Agreement NAFTA
Flag of Canada.svg Canada
Flag of Mexico.svg Mexico
[33]
NAFTA
Flag of Canada.svg Canada
Flag of Mexico.svg Mexico
2December 17, 1992January 1, 1994July 1, 2020 North American Free Trade Agreement USMCA
Flag of Canada.svg Canada
Flag of Mexico.svg Mexico
[34]

Failed proposals

Free Trade Area of the Americas

Trans-Pacific Partnership

See also

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<span class="mw-page-title-main">Dominican Republic–Central America Free Trade Agreement</span> Free trade agreement

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<span class="mw-page-title-main">Oman–United States Free Trade Agreement</span>

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The United States–Bahrain Free Trade Agreement (USBFTA) is a free trade agreement (FTA) between the United States and Bahrain, signed on September 14, 2004. It was ratified by the United States House of Representatives on December 7, 2005, by 327–95, with 10 not voting.

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The United States–Israel States Free Trade Agreement (FTA) is a trade pact between the State of Israel and the United States of America established in 1985 to lower trade barriers in some goods. The agreement reduces rates of duty, and in some case eliminates all duties, on merchandise exported from Israel to the United States. The agreement also covers merchandise exported from the Gaza Strip and the West Bank.

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<span class="mw-page-title-main">Free trade agreements of the European Union</span> Overview of free trade agreements in the European Union


The European Union has concluded free trade agreements (FTAs) and other agreements with a trade component with many countries worldwide and is negotiating with many others. The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process :

<span class="mw-page-title-main">Chile–United States Free Trade Agreement</span> Free trade agreement

The United States-Chile Free Trade Agreement is a free trade agreement (FTA) between the United States and Chile signed on June 6, 2003. The pact came into force on January 1, 2004. On that date, tariffs on 90% of U.S. exports to Chile and 95% of Chilean exports to the United States were eliminated. The agreement also established that Chile and the U.S. will establish duty-free trade in all products within a maximum of 12 years (2016). In 2009, bilateral trade between the United States and Chile reached US$15.4 billion, a 141% increase over bilateral trade levels before the U.S.-Chile FTA took effect. In particular, U.S. exports to Chile in 2009 showed a 248% increase over pre-FTA levels.

<span class="mw-page-title-main">Pacific Alliance</span> Latin American trade agreement

The Pacific Alliance is a Latin American trade bloc, formed by Chile, Colombia, Mexico and Peru, which all border the Pacific Ocean. The alliance was formed with the express purpose of improving regional integration and moving toward complete freedom in the movement of goods, services, capital and people between the four member states. Together, these four countries have a combined population of more than 230 million people and make up roughly 35 percent of Latin American GDP.

The H-1B1 visa is a variant of the H-1B visa in the United States for nationals of Singapore and Chile. The version for Singapore is called the H-1B1-Singapore and the version for Chile is called the H-1B1-Chile. These categories were introduced with the Singapore–United States Free Trade Agreement and Chile–United States Free Trade Agreement respectively, both of which were ratified in 2003 by the 108th United States Congress and became active on January 1, 2004. The visas are also called FTA visas because they were provided for through Free Trade Agreements (FTAs).

The negotiations for the Trans-Pacific Partnership Agreement were held between 12 countries between 2008 and 2015. The negotiations were aimed at obtaining an agreement between the Trans-Pacific Strategic Economic Partnership Agreement parties Brunei, Chile, Singapore and New Zealand, as well as the Australia and the United States.

<span class="mw-page-title-main">Free trade agreements of the United Kingdom</span> Post-Brexit arrangements

Following its withdrawal from the European Union on 31 January 2020, the United Kingdom began negotiations on several free trade agreements to remove or reduce tariff and non-tariff barriers to trade, both to establish new agreements and to replace previous EU trade agreements. Withdrawal ended 47 years of membership during which all its trading agreements were negotiated by the European Commission on behalf of the bloc. The UK did not actually withdraw from the European Single Market and the European Union Customs Union until 31 December 2020.

<span class="mw-page-title-main">Free trade agreements of Israel</span>

The free trade agreements of Israel represent Israel's cooperation in multinational trade pacts and participation in the global economy. Israel's first free trade agreement was signed in 1985 with the United States of America. Since then, Israel has signed 16 free trade agreements with 48 countries and economic blocks such as the European Union, the European Free Trade Association and Mercosur.

References

  1. "Israel Gives Much More to the U.S. Economy Than You Imagined". The Tower. Retrieved July 17, 2024.
  2. "Regional Agreements Database (United States)". World Trade Organization .
  3. "Australia Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  4. "United States - Australia". World Trade Organization .
  5. "Bahrain Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  6. "United States - Bahrain". World Trade Organization .
  7. "CAFTA-DR (Dominican Republic-Central America FTA)". USTR.gov. Retrieved May 20, 2023.
  8. "Dominican Republic - Central America - United States Free Trade Agreement (CAFTA-DR)". World Trade Organization .
  9. "Chile Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  10. "United States - Chile". World Trade Organization .
  11. "United States- Colombia Trade Promotion Agreement". USTR.gov. Retrieved May 20, 2023.
  12. "United States - Colombia". World Trade Organization .
  13. "Israel Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  14. "United States - Israel". World Trade Organization .
  15. "Jordan Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  16. "United States - Israel". World Trade Organization .
  17. "Morocco Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  18. "United States - Morocco". World Trade Organization .
  19. "Oman Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  20. "United States - Oman". World Trade Organization .
  21. "U.S.- Panama Trade Promotion Agreement". USTR.gov. Retrieved May 20, 2023.
  22. "United States - Panama". World Trade Organization .
  23. "Peru Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  24. "United States - Peru". World Trade Organization .
  25. "Singapore Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  26. "United States - Singapore". World Trade Organization .
  27. "U.S. - Korea Free Trade Agreement". USTR.gov. Retrieved May 20, 2023.
  28. "Korea, Republic of - United States". World Trade Organization .
  29. "United States-Mexico-Canada Agreement". USTR.gov. Retrieved May 20, 2023.
  30. "United States-Mexico-Canada Agreement (USMCA/CUSMA/T-MEC)". World Trade Organization .
  31. Truss, Elizabeth (May 5, 2020). "UK and US start trade negotiations". GOV.UK. Retrieved November 26, 2023.
  32. "We'll fix US economy before signing trade deals, says Biden's Treasury pick Janet Yellen". The Independent. January 21, 2021. Retrieved November 26, 2023.
  33. "Canada - US Free Trade Agreement (CUSFTA)". World Trade Organization . Retrieved May 20, 2023.
  34. "North American Free Trade Agreement (NAFTA)". World Trade Organization . Retrieved May 20, 2023.