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U.S. Free Trade Agreements


What is a Free Trade Agreement?


A Free Trade Agreement (FTA) is an international law agreement between two or more countries whom agree to reduce trade restrictions between the participating countries. Due to the efforts of eliminating trade barriers, FTAs often involve lower or free duties on imports and exports.



What are the benefits of Free Trade Agreements?


With reduced trade restrictions, Free Trade Agreements encourages international trade, which allows the availability of a larger variety of goods for consumers of all participating nations. Free trade increases the access to higher quality goods at a lower price. FTAs also create opportunities for Americans to take part in growing the U.S. economy by opening up foreign markets to U.S. exporters. Countries following the same rule-based system promotes fairness, enhances efficiency, increases innovation, and raises economic growth.



How can Free Trade Agreements help U.S. exporters?


The U.S. may have FTAs that can make exporting your products cheaper. FTAs can give your goods a competitive advantage compared to goods from other countries. Selling your goods in FTA partner countries can help your business enter and compete in the global market. FTAs provides intellectual property protection; the enforcement of American intellectual property rights will protect your products in the partnering countries. FTAs also give the opportunity for U.S. exporters to take part in the development of product standards in partnering countries.



Which countries does the U.S. have a Free Trade Agreement with?


The United States has FTAs in force with 20 countries in the world. The following countries include:

  • Australia

  • Bahrain

  • Canada

  • Chile

  • Colombia

  • Costa Rica

  • Dominican Republic

  • El Salvador

  • Guatemala

  • Honduras

  • Israel

  • Jordan

  • Mexico

  • Morocco

  • Nicaragua

  • Oman

  • Panama

  • Peru

  • Singapore

  • South Korea

If you have further questions involving America’s Free Trade Agreements, please contact info@spiritchbinc.com or call 714-738-1196.


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