List Of United States Free Trade Agreements
A free trade agreement is an agreement between two or more countries in which countries agree, among other things, on certain obligations that affect trade in goods and services, investor protection and intellectual property rights. For the United States, the main objective of trade agreements is to reduce barriers to U.S. exports, protect U.S. competing interests abroad, and improve the rule of law in FTA partner countries. 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 commercial markets. The United States is a party to many free trade agreements (SAAs) around the world. Another important type of trade agreement is the Trade and Investment Framework Agreement. TTIFA provides a framework for governments to discuss and resolve trade and investment issues at an early stage.
These agreements are also a way to identify capabilities and work on them, where appropriate. The United States is a member of the World Trade Organization (WTO) and the Marrakesh Agreement establishing the World Trade Organization (WTO) establishes rules governing trade between the WTO`s 154 members. The United States and other WTO members are currently leading the Doha Development Round of global trade negotiations, and a strong and market-open Doha Agreement for both goods and services would go a long way in managing the global economic crisis and restoring the role of trade in managing economic growth and development. The United States has free trade agreements (SAAs) with 20 countries. These free trade agreements are based on the WTO agreement, with broader and stronger disciplines than the WTO agreement. 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-United States Free Trade Agreement, are multilateral agreements between several parties. Here is a list of free trade agreements involving the United States. In parentheses, the abbreviation, if any, accession, unless otherwise specified in advance, and the date of entry into force. Beginning with the government of Theodore Roosevelt, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America.