Us Trade Agreements

Bahrain Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for U.S. companies. U.S. exports to Bahrain, which totaled $652.3 million in 2016, have been consistently higher since the free trade agreement came into force. Two-way trade reached EUR 1.2 billion in 2016, up 61% from 2005. USTR Bahrain FTA Page” The United States has implemented 14 trade agreements with a total of 20 countries. The United States has free trade agreements with 20 countries. These free trade agreements are based on the WTO agreement, with broader and stronger disciplines than those of the WTO. Many of our free trade agreements are bilateral agreements between two governments. But some, such as the North American Free Trade Agreement and the Dominican Republic-Central America-U.S.

Free Trade Agreement, are multilateral agreements between several parties. Morocco Since the implementation of the free trade agreement between the United States and Morocco in January 2006, the United States has maintained a trade surplus with Morocco. In 2016, U.S. exports to Morocco increased 269 percent to $1.2 billion, while U.S. imports from Morocco were $788 million. USTR US-Morocco FTA Page” Here is a list of free trade agreements to which the United States belongs. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. Check out expert responses to common questions from U.S. exporters about the benefits of free trade agreements. Panama The U.S.-Panama Trade Promotion Agreement was signed in October 2011 and came into force on October 31, 2012.

The United States maintained a consistent trade surplus with Panama under the agreement. In 2016, the United States exported $4.6 billion worth of goods to Panama, while it imported $3056 million in Panamanian products. USTR US-Panama TPA Page” Descriptions and detailed texts of many U.S. trade agreements are available left via the Resource Center. Jordan Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, trade with two retailers between the United States and Jordan has increased by more than 350%, from US$568 million in 2001 to more than $2 billion in 2016. USTR U.S.-Jordan FTA Page” The United States is the party to many free trade agreements around the world. The North American Free Trade Agreement (NAFTA) came into force 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 some $293 billion in 1993 to nearly $627 billion in 2003.

In 2016, merchandise trade between the United States and NAFTA`s two trading partners totaled nearly $800 billion. The free trade agreement between the United States and Israel, our country`s first free trade agreement, came into force on September 1, 1985.