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Laws allowing the North American superpower to lower tariffs on goods from other countries From Wikipedia, the free encyclopedia
The United States is party to many free trade agreements (FTAs) worldwide.
Beginning with the Theodore Roosevelt administration, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. The United States helped negotiate the General Agreement on Tariffs and Trade (later the World Trade Organization).[citation needed]
The United States' first free trade agreement was signed with Israel in 1985. The free trade agreement with Israel creates the most American jobs per value of trade between the two countries of all American free trade agreements .[1]
The following agreements are currently in effect, signature and entry into force dates are as listed by the World Trade Organization.[2]
The following agreements have begun negotiations since 2020.
Nation (s) | No of nations represented |
Status | Note | Treaty | Ref. |
---|---|---|---|---|---|
United Kingdom | 1 | Negotiations stagnated | Fifth round of negotiations took place in October 2020. | United States-United Kingdom FTA | [31][32] |
Nation (s) | No of nations represented |
Signed | Effective | Obsolete | Treaty | Superseded by | Ref. |
---|---|---|---|---|---|---|---|
Canada | 1 | January 2, 1988 | January 1, 1989 | January 1, 1994 | Canada–United States Free Trade Agreement | NAFTA Canada Mexico |
[33] |
NAFTA Canada Mexico |
2 | December 17, 1992 | January 1, 1994 | July 1, 2020 | North American Free Trade Agreement | USMCA Canada Mexico |
[34] |
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