The United States has implemented 14 free trade agreements (FTA) with a total of 20 countries. The United States is also participating in negotiations of the Trans-Pacific Partnership (TPP) with countries of the Asia-Pacific and the Transatlantic Trade and Investment Partnership (T-TIP) with the European Union.
Free trade agreement negotiations between the United States and Australia concluded in February 2004. Since the agreement went into force in January 2005, the U.S.-Australia Free Trade Agreement has stimulated a 104% increase in the U.S. trade surplus with Australia. In 2013, the United States exported $26.1 billion in goods and imported $9.2 billion in Australian products. USTR Australia FTA Page
Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for American business. Between 2005 and 2013, U.S. exports to Bahrain grew by 190% to $1 billion while imports from Bahrain increased by 47.2% to $635.6 million. USTR Bahrain FTA Page
Central American Free Trade Agreement (CAFTA-DR)
Since the U.S.-Chile Free Trade Agreement went into force in January 2004, American exports to Chile have increased by 545% to over $17.5 billion in 2013. Chilean exports to the United States have increased 180% under the Free Trade Agreement to $10.3 billion in 2011. USTR Chile FTA Page
Negotiations between Colombia and the United States concluded in February 2006, and the agreement was implemented on May 15, 2012. According to the agreement, Colombia will remove barriers to trade in services, provide a secure, predictable legal framework for U.S. investors operating in Colombia, provide for effective enforcement of labor and environmental laws, protect intellectual property, and provide an effective system to settle disputes. In 2013, the United States imported $21.6 billion in goods from Colombia and exported goods valued at $18.3 billion to Colombia. Colombia Trade Promotion Agreement Page | USTR Colombia Trade Promotion Agreement Page
The U.S.-Israel Free Trade Agreement, our nation's first free trade agreement, went into force on September 1, 1985. In 2013, the United State exported $13.7 billion in goods to Israel and imported $22.8 billion in goods from Israel. USTR Israel FTA Page
Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, U.S. exports to Jordan have increased by 514% to over $2 billion in 2013, and imports from Jordan increased 422% from $229 million in 2001 to $1.1 billion in 2013. USTR Jordan FTA Page
Since its implementation of the U.S.-Morocco Free Trade Agreement in January 2006, U.S. exports to Morocco have increased by 416% to $2.4 billion, while U.S. imports from Morocco have increased by 119% to $977 million. USTR Morocco FTA Page
North American Free Trade Agreement (NAFTA)
Oman was the fifth Middle Eastern country to sign an FTA with the U.S, and the U.S.-Oman Free Trade Agreement was implemented in January 2009. In 2013, the United States imported $1.5 billion in goods from Oman and exported $1.02 billion in American-made products to the country. USTR Oman FTA Page
President Obama signed the U.S.-Panama Trade Promotion Agreement in October 2011, and it went into effect on October 31, 2012. This comprehensive trade agreement will eliminate tariffs and other barriers to trade of goods and services, expand trade between the United States and Panama, and promote economic growth and opportunity. The agreement will eliminate nearly 90% of Panama's tariffs on industrial goods immediately, with remaining tariffs phased out over 10 years. In 2013, the United States exported $10.5 billion in goods to Panama while importing $448 million in Panamanian products. Panama Trade Promotion Agreement Page | USTR Panama Trade Promotion Agreement Page
The U.S.-Peru Trade Promotion Agreement was signed in December 2007. Since that time, imports to the United States from Peru have increased 38% to $8.1 billion in 2013, while American businesses exported $10.1 billion in merchandise to Peru in 2011, a 245% increase. USTR Peru FTA Page
Since the U.S.-Singapore Free Trade Agreement entered into force in January 2004, the U.S. trade surplus with Singapore has improved by 801% to $12.8 billion. In 2013, the United States exported $30.6 billion in goods to Singapore while importing $17.8 billion from our partner nation. USTR Singapore FTA Page
The Korea-U.S. Free Trade Agreement (KORUS-FTA) entered into force on March 15, 2012. The agreement represents the United States' most commercially significant FTA in over a decade. Korea is the United States' sixth largest trading partner, with two-way goods trade in 2013 valued at approximately $103.8 billion. American exports to Korea in 2013 were valued at $41 billion, while imports from Korea totaled $62 billion that year. The KORUS-FTA expands trade and investment flows between the two countries across a comprehensive list of sectors. South Korea FTA Page | USTR South Korea FTA Page
All trade statistics taken from Foreign Trade – U.S. Census Bureau.