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Free trade agreements of the United States

From Wikipedia, the free encyclopedia
  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.

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 per value of trade between the two countries of all American free trade agreements .[1]

Active agreements

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

Negotiations

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The following agreements have begun negotiations since 2020.

Nation (s) No of nations
represented
Status Note Treaty Ref.
United Kingdom 1 Negotiations stagnated Fifth round of negotiations took place in October 2020. United States-United Kingdom FTA [31][32]

Obsolete agreements

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Nation (s) No of nations
represented
Signed Effective Obsolete Treaty Superseded by Ref.
Canada 1 January 2, 1988 January 1, 1989 January 1, 1994 Canada–United States Free Trade Agreement NAFTA
Canada
Mexico
[33]
NAFTA
Canada
Mexico
2 December 17, 1992 January 1, 1994 July 1, 2020 North American Free Trade Agreement USMCA
Canada
Mexico
[34]

Failed proposals

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Free Trade Area of the Americas

Trans-Pacific Partnership

See also

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References

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  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.
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