Free Trade Agreements Us

All Trade Statistics of Foreign Trade – U.S. Census Bureau.┬áThe 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. USTR NAFTA Page” USTR is responsible for managing U.S. trade agreements. These include monitoring the implementation of trade agreements with the United States by our trading partners, the application of U.S. rights under those agreements, and the negotiation and signing of trade agreements that advance the President`s trade policy. 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 has begun negotiating bilateral and multilateral free trade agreements with the following countries and blocs: The United States is a party to many free trade agreements around the world.

Here is a list of the free trade agreements that include the United States. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. 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” 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. Trade in two-lane goods reached 1.2 billion euros in 2016, up 61% from 2005. USTR Bahrain FTA Page” There are 14 free trade agreements 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).