Countries with Free Trade Agreements with the United States
The United States has a number of free trade agreements with countries around the world. These agreements are designed to promote trade between the United States and other nations, by eliminating or reducing tariffs and other barriers to trade. Here is a look at some of the countries that have free trade agreements with the United States.
Canada
The United States and Canada have had a free trade agreement since 1989, which was expanded in 1994 with the North American Free Trade Agreement (NAFTA). This agreement has helped to make Canada the United States` largest trading partner, with more than $1.7 billion in goods and services traded between the two countries each day.
Mexico
As a part of NAFTA, the United States also has a free trade agreement with Mexico. This agreement has helped to increase trade between the two countries, making Mexico the United States` second-largest trading partner. In 2019, the two countries traded more than $611 billion in goods and services.
Australia
The United States-Australia Free Trade Agreement (FTA) was signed in 2004 and came into effect in 2005. This agreement has helped to increase trade between the two countries, with more than $25 billion in goods and services traded in 2019.
Chile
The United States-Chile Free Trade Agreement was signed in 2003 and came into effect in 2004. This agreement has helped to increase trade between the two countries, with more than $25 billion in goods and services traded in 2019.
Colombia
The United States-Colombia Trade Promotion Agreement was signed in 2011 and came into effect in 2012. This agreement has helped to increase trade between the two countries, with more than $31 billion in goods and services traded in 2019.
Israel
The United States-Israel Free Trade Agreement was signed in 1985 and came into effect in 1985. This agreement has helped to increase trade between the two countries, with more than $23 billion in goods and services traded in 2019.
Jordan
The United States-Jordan Free Trade Agreement was signed in 2000 and came into effect in 2001. This agreement has helped to increase trade between the two countries, with more than $2 billion in goods and services traded in 2019.
Morocco
The United States-Morocco Free Trade Agreement was signed in 2006 and came into effect in 2006. This agreement has helped to increase trade between the two countries, with more than $3 billion in goods and services traded in 2019.
Oman
The United States-Oman Free Trade Agreement was signed in 2006 and came into effect in 2009. This agreement has helped to increase trade between the two countries, with more than $2 billion in goods and services traded in 2019.
Panama
The United States-Panama Trade Promotion Agreement was signed in 2007 and came into effect in 2012. This agreement has helped to increase trade between the two countries, with more than $6 billion in goods and services traded in 2019.
Peru
The United States-Peru Trade Promotion Agreement was signed in 2006 and came into effect in 2009. This agreement has helped to increase trade between the two countries, with more than $16 billion in goods and services traded in 2019.
Singapore
The United States-Singapore Free Trade Agreement was signed in 2003 and came into effect in 2004. This agreement has helped to increase trade between the two countries, with more than $54 billion in goods and services traded in 2019.
South Korea
The United States-Korea Free Trade Agreement was signed in 2007 and came into effect in 2012. This agreement has helped to increase trade between the two countries, with more than $167 billion in goods and services traded in 2019.
These free trade agreements have helped to increase trade between the United States and other countries around the world. By eliminating or reducing tariffs and other barriers to trade, these agreements have helped to promote economic growth and create jobs.
