What Countries Does the Us Have Free Trade Agreements with
A free trade agreement is an agreement between two or more countries in which, among other things, countries agree on certain obligations that affect trade in goods and services, as well as the protection of investors and intellectual property rights. For the United States, the primary objective of trade agreements is to remove barriers to U.S. exports, protect U.S. competing interests abroad, and strengthen the rule of law among the FTA partner(s). 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 trading partner markets. Beginning with the administration of Theodore Roosevelt, the United States became a major player in international trade, particularly with its neighboring territories in the Caribbean and Latin America. Today, the United States has become a leader in the free trade movement, supporting groups such as the General Agreement on Tariffs and Trade (later the World Trade Organization). [Citation needed] Documenting a product`s origin or compliance with the rules of origin can make using the tariffs negotiated with the free trade agreement a little more complicated.
However, these rules help ensure that U.S. exports, rather than exports from other countries, reap the benefits of the agreement. There are 14 U.S. free trade agreements in force with 20 countries: Australia, Bahrain, Chile, Colombia, Israel, Jordan, Korea, Morocco, Oman, Panama, Peru, Singapore; DR-CAFTA (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua); and NAFTA (Canada and Mexico). The United States has begun negotiating bilateral and multilateral free trade agreements with the following countries and blocs: 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. The United States is a party to numerous free trade agreements (FTAs) around the world. If you want to export your product or service, the U.S. may have negotiated favorable treatment through a free trade agreement to make it easier for you and reduce it at a lower cost. Accessing the benefits of the FTA for your product may require more records, but it can also give your product a competitive advantage over products from other countries.
How can U.S. companies identify tariffs on exports to FTA partner countries? As of January 1, 2015, 14 free trade agreements with 20 countries were in force in the United States. With which countries does the United States have a free trade agreement? Here is a list of free trade agreements in which the United States is involved. The parentheses indicate the abbreviation, if any, the composition, unless previously specified, and the date of entry into force. Free trade agreements or free trade agreements have many advantages and can sometimes be complex to understand. Find out what a free trade agreement is. Which countries does the United States have agreements with? How can your company benefit? How do free trade agreements affect my company`s imports and/or exports? The United States has 14 free trade agreements with 20 countries and is currently negotiating regional free trade agreements with several others. Information for U.S. exporters can be found from the Department of Commerce at: 2016.export.gov/FTA/index.asp FTA Home • FTA Compliance • FTA Tariff Tool • FTA Trade tables • Texts from FTAs • FTAs for Exporters Check out our free trade agreement q&A forum on our Vimeo channel.
U.S. free trade agreements typically deal with a variety of government activities. One example is the reduction or elimination of tariffs imposed on all eligible products from the other country. For example, a country that normally imposes a tariff of 5% of the value of the incoming good will abolish that duty on products originating (as defined in the FTA) in the United States. Side-by-side comparison of free trade agreements and certain preferential, non-textile trade legislation programs The FTA customs tool can help you determine the customs or border tax that U.S. FTA partners levy when a product exported to the U.S. that meets the FTA`s rule of origin enters the country. You can look at the rate of duty for a particular product today and determine when the rate of duty will continue to fall in the future or will be completely abolished. U.S. and FTA partner countries: Australia; Bahrain; Chile; Colombia; DR-CAFTA: Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua; Israel; Jordan; Korea; Morocco; NAFTA: Canada and Mexico; Oman; Panama; Peru; and Singapore.
Other types of opportunities commonly found in free trade agreements include: * All of the following information comes from the official United States. Department of Commerce International Trade Administration [Download full video (18 MB)]Quick links: Following video | Sell for export | To export | Subscribe to our updates and tips by e-mail. .
