Free trade agreements have proven to be one of the best ways to open up foreign markets to U.S. exporters. The U.S. has agreements in force with 14 countries: Australia, Bahrain, Canada, Chile, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, and Singapore. Agreements with three countries--Costa Rica, Oman, and Peru--are pending implementation. In 2007, trade with countries that the U.S. has free trade agreements was significantly greater than their relative share of the global economy: although comprising 7.5% of global GDP (not including the U.S.), those countries accounted for over 42% of U.S. exports.
Pending Free Trade Agreements
Colombia | Panama | South Korea |
Colombia Free Trade Agreement Documents | Panama Free Trade Agreement Documents | South Korea Free Trade Agreement Documents |
Free Trade Agreement Websites
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