Bahrain Since its implementation in August 2006, the U.S.-Bahrain Free Trade Agreement has increased export opportunities for U.S. companies. U.S. exports to Bahrain, which totaled $652.3 million in 2016, have been consistently higher since the free trade agreement came into force. Two-way trade reached EUR 1.2 billion in 2016, up 61% from 2005. USTR Bahrain FTA Page » contains the full text of all active binding agreements between the United States and its trading partners on manufactured goods and services. The European Union and the United States have the largest bilateral trade and investment relations and the most integrated economic relations in the world. The United States is a party to many free trade agreements around the world. Check out expert responses to common questions from U.S. exporters about the benefits of free trade agreements. Panama The U.S.-Panama Trade Promotion Agreement was signed in October 2011 and came into force on October 31, 2012. The United States maintained a consistent trade surplus with Panama under the agreement.
In 2016, the United States exported $4.6 billion worth of goods to Panama, while it imported $3056 million in Panamanian products. USTR US-Panama TPA Page » Here is a list of the free trade agreements to which the United States belongs. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. The United States is a member of the World Trade Organization (WTO) and the Marrakesh Agreement establishing the World Trade Organization (WTO) contains rules for trade among the 154 members of the WTO. The United States and other WTO members are currently participating in the WTO negotiations on development in Doha and a strong and open Doha agreement on both goods and services would go a long way in managing the global economic crisis and restoring the role of trade in promoting economic growth and development. South Korea The Free Trade Agreement (KORUS-FTA) came into force on 15 March 2012. Korea is the sixth largest trading partner of the United States with a value of approximately $84.3 billion in 2016. U.S. exports to Korea were estimated at $30.7 billion, while Korean imports totalled $53.5 billion this year. USTR South Korea FTA Page » Does your company face a barrier to foreign trade? Face technical hurdles such as unfair testing, labelling or certification requirements, incriminating customs procedures or discriminatory investment rules by working with us. Morocco Since the implementation of the free trade agreement between the United States and Morocco in January 2006, the United States has maintained a trade surplus with Morocco.
In 2016, U.S. exports to Morocco increased 269 percent to $1.2 billion, while the United States.