Comprehensive List of Free Trade Agreements Signed by the United States
- United States-Mexico-Canada Agreement (USMCA):Effective Date: July 1, 2020.
Description: Replaced the North American Free Trade Agreement (NAFTA) and modernized trade rules among the U.S., Canada, and Mexico. Key changes include stronger labor and environmental standards, digital trade provisions, and updated rules of origin for automobiles. - North American Free Trade Agreement (NAFTA):Effective Date: January 1, 1994 (superseded by USMCA in 2020).
Description: Originally created a trilateral trade bloc between the U.S., Canada, and Mexico, eliminating most tariffs on goods traded among these countries. - Dominican Republic-Central America Free Trade Agreement (CAFTA-DR):Effective Date: 2006 (Implemented in stages).
Description: A regional agreement covering the U.S., Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. It aims to facilitate trade and investment, promote economic growth, and strengthen regional stability. - United States-Israel Free Trade Agreement:Effective Date: September 1, 1985.
Description: The first FTA signed by the U.S., eliminating tariffs on most industrial and agricultural products traded between the U.S. and Israel. - United States-Jordan Free Trade Agreement:Effective Date: December 17, 2001.
Description: Eliminates tariffs on virtually all industrial goods and agricultural products, and includes provisions on labor and environmental standards. - United States-Singapore Free Trade Agreement:Effective Date: January 1, 2004.
Description: Promotes trade and investment, covers areas such as services, intellectual property, and electronic commerce, and eliminates tariffs on most goods traded between the two countries. - United States-Chile Free Trade Agreement:Effective Date: January 1, 2004.
Description: Phases out tariffs on 87% of goods traded between the U.S. and Chile, with full elimination on all tariffs after 12 years. Includes commitments on services and intellectual property rights. - United States-Australia Free Trade Agreement:Effective Date: January 1, 2005.
Description: Eliminates tariffs on most U.S. goods exported to Australia and provides enhanced market access for services, investment, and government procurement. - United States-Morocco Free Trade Agreement:Effective Date: January 1, 2006.
Description: Eliminates tariffs on 95% of goods traded between the two countries and promotes trade in services, intellectual property, and labor rights. - United States-Bahrain Free Trade Agreement:Effective Date: January 11, 2006.
Description: Eliminates tariffs on virtually all consumer and industrial products and enhances protections for U.S. investments in Bahrain. - United States-Oman Free Trade Agreement:Effective Date: January 1, 2009.
Description: Eliminates tariffs on most goods traded between the U.S. and Oman and promotes cooperation in customs procedures, e-commerce, and intellectual property. - United States-Peru Trade Promotion Agreement (PTPA):Effective Date: February 1, 2009.
Description: Eliminates tariffs on most U.S. exports to Peru and includes provisions on services, investment, and intellectual property protection. - United States-Colombia Trade Promotion Agreement:Effective Date: May 15, 2012.
Description: Eliminates tariffs on 80% of U.S. exports to Colombia and includes protections for U.S. investors, intellectual property rights, and labor standards. - United States-Panama Trade Promotion Agreement:Effective Date: October 31, 2012.
Description: Eliminates tariffs on most goods traded between the U.S. and Panama, with commitments on labor and environmental standards. - United States-Korea Free Trade Agreement (KORUS):Effective Date: March 15, 2012.
Description: Eliminates tariffs on 95% of consumer and industrial products and opens up new opportunities for U.S. services in South Korea. The agreement was renegotiated in 2018 to further refine automotive and pharmaceutical provisions. - United States Trade Representative Bilateral Investment Treaties (BITs):Description: While not full-fledged free trade agreements, BITs with countries like Uruguay and Rwanda protect U.S. investments abroad by ensuring fair treatment and securing investment rights.
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