Free trade agreements of the United States explained

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

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).

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.
Australia1May 18, 2004January 1, 2005Australia–United States Free Trade Agreement[3] [4]
Bahrain1September 14, 2005August 1, 2006Bahrain–United States Free Trade Agreement[5] [6]
CAFTA-DR
Costa Rica
Dominican Republic
El Salvador
Guatemala
Honduras
Nicaragua		6August 5, 2004March 1, 2006Dominican Republic–Central America Free Trade Agreement[7] [8]
Chile1June 6, 2003January 1, 2004Chile–United States Free Trade Agreement[9] [10]
Colombia1November 20, 2006May 15, 2012United States–Colombia Free Trade Agreement[11] [12]
Israel
Palestine Authority		2April 22, 1985August 19, 1985Israel–United States Free Trade Agreement[13] [14]
Jordan1October 24, 2000December 17, 2001Jordan–United States Free Trade Agreement[15] [16]
Morocco1June 15, 2004January 1, 2009Morocco–United States Free Trade Agreement[17] [18]
Oman1November 15, 2004January 1, 2006Oman–United States Free Trade Agreement[19] [20]
Panama1June 28, 2007October 31, 2012Panama–United States Trade Promotion Agreement[21] [22]
Peru1April 12, 2006February 1, 2009Peru–United States Trade Promotion Agreement[23] [24]
Singapore1May 6, 2003January 1, 2004Singapore–United States Free Trade Agreement[25] [26]
South Korea1June 30, 2007March 15, 2012United States–Korea Free Trade Agreement[27] [28]
USMCA
Canada
Mexico		2November 30, 2018July 1, 2020United States–Mexico–Canada Agreement[29] [30]

Negotiations

The following agreements have begun negotiations since 2020.

Obsolete agreements

Nation (s)No of nations
represented		SignedEffectiveObsoleteTreatySuperseded byRef.
Canada1January 2, 1988January 1, 1989January 1, 1994Canada–United States Free Trade AgreementNAFTA
Canada
Mexico		[33]
NAFTA
Canada
Mexico		2December 17, 1992January 1, 1994July 1, 2020North American Free Trade AgreementUSMCA
Canada
Mexico		[34]

Failed proposals

Free Trade Area of the Americas

Trans-Pacific Partnership

See also

References

  1. Web site: Israel Gives Much More to the U.S. Economy Than You Imagined . 2024-07-17 . The Tower . en-US.
  2. Web site: Regional Agreements Database (United States). World Trade Organization.
  3. Web site: Australia Free Trade Agreement. 20 May 2023. USTR.gov.
  4. Web site: United States - Australia. World Trade Organization.
  5. Web site: Bahrain Free Trade Agreement. 20 May 2023. USTR.gov.
  6. Web site: United States - Bahrain. World Trade Organization.
  7. Web site: CAFTA-DR (Dominican Republic-Central America FTA). 20 May 2023. USTR.gov.
  8. Web site: Dominican Republic - Central America - United States Free Trade Agreement (CAFTA-DR). World Trade Organization.
  9. Web site: Chile Free Trade Agreement. 20 May 2023. USTR.gov.
  10. Web site: United States - Chile. World Trade Organization.
  11. Web site: United States- Colombia Trade Promotion Agreement. 20 May 2023. USTR.gov.
  12. Web site: United States - Colombia. World Trade Organization.
  13. Web site: Israel Free Trade Agreement. 20 May 2023. USTR.gov.
  14. Web site: United States - Israel. World Trade Organization.
  15. Web site: Jordan Free Trade Agreement. 20 May 2023. USTR.gov.
  16. Web site: United States - Israel. World Trade Organization.
  17. Web site: Morocco Free Trade Agreement. 20 May 2023. USTR.gov.
  18. Web site: United States - Morocco. World Trade Organization.
  19. Web site: Oman Free Trade Agreement. 20 May 2023. USTR.gov.
  20. Web site: United States - Oman. World Trade Organization.
  21. Web site: U.S.- Panama Trade Promotion Agreement. 20 May 2023. USTR.gov.
  22. Web site: United States - Panama. World Trade Organization.
  23. Web site: Peru Free Trade Agreement. 20 May 2023. USTR.gov.
  24. Web site: United States - Peru. World Trade Organization.
  25. Web site: Singapore Free Trade Agreement. 20 May 2023. USTR.gov.
  26. Web site: United States - Singapore. World Trade Organization.
  27. Web site: U.S. - Korea Free Trade Agreement. 20 May 2023. USTR.gov.
  28. Web site: Korea, Republic of - United States. World Trade Organization.
  29. Web site: United States-Mexico-Canada Agreement. 20 May 2023. USTR.gov.
  30. Web site: United States-Mexico-Canada Agreement (USMCA/CUSMA/T-MEC) . World Trade Organization.
  31. Web site: Truss. Elizabeth. 5 May 2020. UK and US start trade negotiations. GOV.UK. 26 November 2023.
  32. Web site: 21 January 2021. We'll fix US economy before signing trade deals, says Biden's Treasury pick Janet Yellen. The Independent. 26 November 2023.
  33. Web site: Canada - US Free Trade Agreement (CUSFTA). 20 May 2023. World Trade Organization.
  34. Web site: North American Free Trade Agreement (NAFTA). 20 May 2023. World Trade Organization.

External links

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