United States FTA

United States- Australia FTA

The United States closely monitors the implementation of the U.S.-Australia FTA and regularly

meets with Australia under the FTA to discuss the a matters and financial services, as well as

subcommittees on labour and the environment.

https://ustr.gov/trade-agreements/free-trade-agreements/australian-fta

United States-Bahrain FTA

The U.S.-Bahrain FTA, which came into force on 11 January 2006, provides the United States

with export opportunities, creating jobs for US farmers and workers. The agreement also supports

Bahrain's economic and political reforms and strengthens commercial relations with the Arabian Gulf

economic leader. 100% of the two-way trade in industrial and consumer products started to flow

without tariffs on the first day the agreement took effect. US farmers have substantially increased their

agricultural exports to Bahrain because of the FTA. Moreover, Bahrain has opened its services market

wider than any previous FTA partner, creating significant new opportunities for US providers of financial

services and companies offering telecommunications, audiovisual, express delivery, distribution,

healthcare, architecture, and engineering services.

https://ustr.gov/trade-agreements/free-trade-agreements/bahrain-fta

United States-Mexico-Canada Agreement (USMCA)

An agreement has been reached between the United States, Mexico and Canada to modernize the 25-

year-old NAFTA into a high-standard agreement for the 21st century. The new United States-Mexico-

Canada Agreement (USMCA) will promote mutually beneficial trade, leading to freer markets, fairer

trade and robust economic growth in North America. An agreement has been reached between the
United States, Mexico and Canada that supports North American production and mutually beneficial

trade. The agreement will generate more balanced, reciprocal trade that will promote high-paying jobs

for Americans and boost North America's economy.

https://ustr.gov/usmca

United States-Chile Free Trade Agreement (FTA)

The Free Trade Agreement between the United States and Chile (FTA) entered into force on 1 January

2004. The FTA between the United States and Chile eliminates tariffs and opens markets, reduces

barriers to trade in services, provides intellectual property protection, ensures regulatory transparency,

ensures non-discrimination in the digital trade-in products, commits the Parties to maintain competition

laws prohibiting anti-competitive business conduct and requires effective labour and environmental

enforcement. All goods originating from the United States enter Chile duty-free as of 1 January 2015.

https://ustr.gov/trade-agreements/free-trade-agreements/chile-fta

United States—Colombia Trade Promotion Agreement (TPA)

On 15 May 2012, the United States-Colombia Trade Promotion Agreement (TPA) came into effect. The

TPA is a comprehensive free trade agreement that eliminates tariffs and eliminates barriers, including

financial services, to US services. It also covers key disciplines in customs administration and trade

facilitation, technical barriers to trade, government procurement, investment, telecommunications, e-

commerce, intellectual property rights and protection of labour and the environment. The International

Trade Commission (ITC) has estimated that exports of US goods alone will expand by more than $1.1

billion when the TPA's tariff reductions are fully implemented, promoting thousands of additional

American jobs. The ITC also projected that the TPA would boost the US when fully implanted. A $2.5

billion GDP.
https://ustr.gov/trade-agreements/free-trade-agreements/colombia-tpa

The Dominican Republic-Central America FTA (CAFTA-DR)

The first free trade agreement between the United States and a group of smaller developing economies

is the Dominican Republic-Central America FTA (CAFTA-DR) between Central American neighbours,

Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, as well as the Dominican Republic. In the

whole region and along our Southern border, the CAFTA-DR promotes stronger trade and investment

ties, prosperity and stability.

https://ustr.gov/trade-agreements/free-trade-agreements/cafta-dr-dominican-republic-central-

america-fta

United States-Israel Free Trade Agreement (FTA)

The Free Trade Agreement (FTA) between the United States and Israel entered into force in 1985 and is

the first FTA in the United States. It continues to serve as the basis for expanding U.S.-Israeli trade and

investment by reducing barriers and promoting regulatory transparency. In 2017, US exports of goods to

Israel decreased 4.9 percent from 2016 to $12.5 billion. US exports to Israel had increased by 456

percent since 1985, when the U.S.-Israel FTA came into force, even though the United States had a

bilateral goods deficit of $9.4 billion in 2017.

https://ustr.gov/trade-agreements/free-trade-agreements/israel-fta

United States-Jordan Free Trade Agreement (FTA)

An extensive economic partnership continues to benefit the United States and Jordan. The U.S.-Jordan

Free Trade Agreement (FTA), which entered into force on 17 December 2001 and was fully implemented

on 1 January 2010, is a key element of this relationship. Moreover, the Qualifying Industrial Zones (QIZs)

programme was developed by the US. In 1996, Congress allowed products with a specified amount of
Israeli content to enter the United States duty-free if produced in Jordan, Egypt, or the West Bank and

Gaza.

https://ustr.gov/trade-agreements/free-trade-agreements/jordan-fta

U.S.-Korea Free Trade Agreement

The Free Trade Agreement between the United States and Korea (KORUS) came into effect on 15 March

2012. Nearly 80% of US industrial goods exported to Korea were duty-free on the day of

implementation, including aerospace equipment, agricultural equipment, auto parts, construction

products, chemicals, consumer goods, electrical equipment, environmental goods, travel goods, paper

products, scientific equipment, and shipping and transport equipment. The FTA's other advantages

include greater protection and enforcement of intellectual property rights in Korea and greater access

for highly competitive American companies to the $580 billion service market in Korea.

https://www.trade.gov/us-korea-free-trade-agreement

The United States and Morocco FTA

A Free Trade Agreement (FTA) was signed by the United States and Morocco on 15 June 2004 and

entered into force on 1 January 2006. The FTA is a comprehensive agreement that supports the

important economic and political reforms underway in Morocco and, by reducing and eliminating trade

barriers, provides better commercial opportunities for US exports to Morocco.

https://www.trade.gov/us-morocco-free-trade-agreement

The United States-Oman FTA

To promote economic reform and openness, the United States-Oman FTA, which entered into force on 1

January 2009, builds on existing FTAs. Implementation of the obligations contained in the
comprehensive agreement will generate export opportunities for suppliers of US goods and services,

solidify trade and investment liberalization in Oman, and strengthen the protection and enforcement of

intellectual property rights.

https://www.trade.gov/us-oman-free-trade-agreement

https://ustr.gov/trade-agreements/free-trade-agreements/oman-fta

US – Panama Trade Promotion Agreement

On 31 October 2012, the United States-Panama Trade Promotion Agreement (TPA) came into force. On

that day, over 87% of US industrial goods exported to Panama were duty-free, including equipment for

information technology, agricultural and construction equipment, aircraft and parts, medical and

scientific equipment, environmental products, pharmaceuticals, fertilizers, and agrochemicals. The TPA's

other advantages include eliminating tariffs on more than half of US agricultural commodity exports to

Panama on the first day. High-quality beef, frozen turkeys, sorghum, soybeans, soybean meal, crude

soybean and maize oil, almost all fruit and fruit products, wheat, peanuts, whey, cotton, and many

processed products are included in the products and Panama Intellectual Property Rights Stronger

Protection and Enforcement. It has also increased access to the $20.6 billion markets for services in

Panama, including priority areas such as financial services, telecommunications, computing, distribution,

express delivery, energy, environmental and professional services.

https://ustr.gov/uspanamatpa

https://www.trade.gov/us-panama-trade-promotion-agreement

United States-Peru Free Trade Agreement (PTPA)

The Free Trade Agreement between the United States and Peru (PTPA) came into force on 1 February

2009. The PTPA eliminates tariffs and removes barriers to US services, provides investors with a safe,
predictable legal framework, and strengthens intellectual property, workers, and environmental

protection. The PTPA was the first agreement in force to incorporate groundbreaking environmental and

labour rights provisions that were included as part of the Bipartisan Trade Policy Agreement developed

by Congressional leaders on 10 May 2007.

United States-Singapore Free Trade Agreement

The United States closely monitors the implementation of the agreement and regularly meets under the

FTA with Singapore to discuss the operation of the agreement and to address specific trade issues. The

Joint Committee established under the FTA oversees the implementation of the agreement and reviews

the overall relationship between trade and investment. https://ustr.gov/trade-agreements/free-trade-

agreements/singapore-fta. Its main advantages include the abolition of all tariffs on Singapore's exports

to the US and the waiver of the merchandise processing fee for products originating in Singapore. This

agreement permitted tariff preference based on an importer's declaration with no requirement to apply,

as well as safeguarding market access and ensuring a more predictable operating environment for

service suppliers by protecting Singapore investors and US investments.

https://www.enterprisesg.gov.sg/non-financial-assistance/for-singapore-companies/free-trade-

agreements/ftas/singapore-ftas/ussfta

United States Balance of Trade

In September 2020, the US trade deficit fell to $63.9 billion from $67 billion in August, in line with

market forecasts of $63.8 billion. Sales of soybeans, telecommunications equipment, industrial engines,

computer accessories, and transport, travel and financial services increased by 2.6 percent to $176.4

billion, boosted by exports. Yet in February, before the coronavirus pandemic, exports remained below

$209.7 billion. Imports increased by 0.5% to $240.2 billion, close to $246.7 billion in February, boosted

by the purchase of passenger cars, capital goods and services for travel and transport. China's deficit
decreased $2.1 billion to $24.3 billion. Exports have increased to $12.0 billion by $0.8 billion and imports

have decreased to $36.4 billion by $1.3 billion. With Mexico and the EU, the gap also narrowed.

https://tradingeconomics.com/united-states/balance-of-trade#:~:text=Balance%20of%20Trade%20in

%20the,Million%20in%20August%20of%202006.

Since the COVID-19 pandemic, both exports and imports have dropped, but exports have dropped

further. Since February 2020, exports have dropped almost 16 percent, while imports have dropped 2.6

percent . https://www.thebalance.com/u-s-trade-deficit-causes-effects-trade-partners-3306276

The U.S. trade deficit was 576.9 billion dollars in 2019, according to the  U.S. Bureau of Economic

Analysis (BEA) ). $3.1 trillion of goods and services were imported by the U.S. while $2.5 trillion was

exported. That trade deficit of 2109 is lower than that of $579.9 billion in 2018.2 One explanation is that

the dollar increased between 2018 and 2020.3 A strong dollar makes imports cheaper and exports more

costly. Though large, the deficit is still lower than the 2006 record of $763.5 billion.

https://www.thebalance.com/u-s-trade-deficit-causes-effects-trade-partners-3306276

Year-to-Date Total Trade

Rank Country Exports Imports Total Trade Percent of
Total
Trade
Total, All Countries 1,039.50 1,688.90 2,728.30 100.00%
Total, Top 15 731.6 1,325.70 2,057.30 75.40%
Countries
1 Mexico 153.2 232.8 386 14.10%
2 China 81.1 303.9 385 14.10%
3 Canada 186.4 196.7 383.1 14.00%
4 Japan 48.1 85.1 133.2 4.90%
5 Germany 42.8 83.9 126.7 4.60%
6 Korea, South 38.4 54.5 93 3.40%
7 United 43.5 36.7 80.2 2.90%
Kingdom
8 Switzerland 12.3 60 72.3 2.70%
9 Taiwan 22.6 43.7 66.3 2.40%
10 Vietnam 7.4 56.9 64.3 2.40%
11 India 19.4 36 55.4 2.00%
12 Ireland 7.1 48.3 55.3 2.00%
13 Netherlands 33.3 20.3 53.5 2.00%
 14 France 20.9 31.9 52.8 1.90%
15 Italy 15 35.1 50.1 1.80%

Year-to-Date Exports
Rank Country Exports Percent of
Total
Exports
Total, All Countries 1,039.50 100.00%
Total, Top 15 773.5 74.40%
Countries
1 Canada 186.4 17.90%
2 Mexico 153.2 14.70%
3 China 81.1 7.80%
4 Japan 48.1 4.60%
5 United 43.5 4.20%
Kingdom
6 Germany 42.8 4.10%
7 Korea, South 38.4 3.70%
8 Netherlands 33.3 3.20%
9 Brazil 25.5 2.40%
10 Taiwan 22.6 2.20%
11 France 20.9 2.00%
12 Belgium 20.6 2.00%
13 Singapore 20.4 2.00%
14 India 19.4 1.90%
15 Australia 17.4 1.70%

Year-to-Date Imports
Rank Country Imports Percent of
Total
Imports
Total, All Countries 1,688.90 100.00%
Total, Top 15 1,336.70 79.20%
Countries
1 China 303.9 18.00%
2 Mexico 232.8 13.80%
3 Canada 196.7 11.60%
4 Japan 85.1 5.00%
5 Germany 83.9 5.00%
6 Switzerland 60 3.60%
7 Vietnam 56.9 3.40%
8 Korea, South 54.5 3.20%
9 Ireland 48.3 2.90%
10 Taiwan 43.7 2.60%
11 United 36.7 2.20%
Kingdom
 12 India 36 2.10%
13 Italy 35.1 2.10%
14 France 31.9 1.90%
15 Malaysia 31.3 1.90%

https://www.census.gov/foreign-trade/statistics/highlights/toppartners.html