Foreign Trade of The United States - Trade Agreements

Trade Agreements

The United States is a partner to many trade agreements, shown in the chart below and the map to the right.

The United States has also negotiated many Trade and Investment Framework Agreements, which are often precursors to free trade agreements. It has also negotiated many bilateral investment treaties, which concern the movement of capital rather than goods.

The U.S. is a member of several international trade organizations. The purpose of joining these organizations is to come to agreement with other nations on trade issues, although there is domestic political controversy to whether or not the U.S. government should be making these trade agreements in the first place. These organizations include:

  • World Trade Organization
  • Organization of American States
  • Security and Prosperity Partnership of North America
United States free trade agreements
Existing
Bilateral
  • Australia
  • Bahrain
  • Colombia
  • Chile
  • Israel
  • Jordan
  • Morocco
  • Oman
  • Panama
  • Peru
  • Singapore
  • South Korea
Multilateral
  • Dominican Republic–Central America Free Trade Agreement (DR-CAFTA)
  • North American Free Trade Agreement (NAFTA)
Pending
Proposed
Bilateral
  • Ecuador
  • Ghana
  • Indonesia
  • Kenya
  • Kuwait
  • Malaysia
  • Mauritius
  • Mozambique
  • New Zealand
  • Taiwan
  • United Arab Emirates
  • Uruguay
Multilateral
  • Free Trade Area of the Americas (FTAA)
  • Middle East Free Trade Area (MEFTA)
  • Transatlantic Free Trade Area (TAFTA)
  • Free Trade Area of the Asia-Pacific Region (FTAAP)
  • Trans-Pacific Strategic Economic Partnership (TPP)
Suspended
  • Southern African Customs Union (on hold since 2006)
  • Thailand (on hold after 2006 coup)
  • Qatar (on hold since 2006)
Defunct or
expired
  • Canada (became part of North American Free Trade Agreement)
  • Canada–United States Automotive Products Agreement

Read more about this topic:  Foreign Trade Of The United States

Famous quotes containing the words trade and/or agreements:

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    The Federal Constitution has stood the test of more than a hundred years in supplying the powers that have been needed to make the Central Government as strong as it ought to be, and with this movement toward uniform legislation and agreements between the States I do not see why the Constitution may not serve our people always.
    William Howard Taft (1857–1930)