Starting with the Theodore Roosevelt government, the United States has become an important player in international trade, particularly with its neighboring territories in the Caribbean and Latin America. Today, the United States has become a leader in the free trade movement and supports groups such as the General Agreement on Tariffs and Trade (later the World Trade Organization). [Citation required] This book is a must for analysts and trade negotiators in Asia, as it provides an important insight into U.S. foreign trade policy and raises serious questions about the likely future approach of free trade agreements with its trading partners. PIIE Press is distributed by Columbia University Press. All prices, titles and availability dates can be changed without notice. The United States has implemented 14 trade agreements with a total of 20 countries. Here is a list of the free trade agreements that include the United States. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. The United States has begun negotiating bilateral and multilateral free trade agreements with the following countries and blocs: Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, U.S.-Jordan`s two-lane trade increased by more than 350%, from $568 million in 2001 to more than $2 billion in 2016. USTR USA-Jordan FTA page 6. Free Trade Agreement with the Dean of ASEAN A. DeRosa A free trade agreement is an agreement between two or more countries in which countries agree on certain obligations that affect trade in goods and services as well as the protection of investors and intellectual property rights.
For the United States, the primary objective of trade agreements is to remove barriers to U.S. exports, protect U.S. interests abroad, and improve the rule of law in partner countries or countries of the free trade agreement. Removing trade barriers and creating a more stable and transparent business and investment environment make it easier and cheaper for U.S. companies to export their products and services to the markets of their trading partners. The United States has 14 free trade agreements with 20 countries and is currently negotiating regional free trade agreements with several other countries. The United States is a party to 14 free trade agreements with 20 countries.