Analysis of trade agreements, preferential tariffs and other market access conditions. The United States is a party to many free trade agreements around the world. 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» North American Free Trade Agreement (ALEFTA) NAFTA came into force on January 1, 1994. NAFTA exports support more than three million U.S. jobs.
In the first ten years of NAFTA, merchandise trade between the three countries more than doubled from some $293 billion in 1993 to nearly $627 billion in 2003. In 2016, merchandise trade between the United States and NAFTA`s two trading partners totaled nearly $800 billion. The U.S.-Peru Trade Promotion Agreement was signed in December 2007. Since then, the United States has maintained a large trade surplus with Peru. U.S. exports to Peru increased 43 percent in 2016 to $5.9 billion, while Peruvian imports were $4.3 billion. USTR Peru Page FTA » Israel The free trade agreement between the United States and Israel, our country`s first free trade agreement, came into force on September 1, 1985. Since the free trade agreement came into force, trade in two-lane goods with Israel has increased five-fold, from $4.7 billion in 1985 to more than $27 billion in 2016. USTR U.S.-Israel FTA Page» The Trade Law Unit implements the technical assistance program at different levels, depending on the needs expressed by the country. Technical assistance can be provided in integrated form or as stand-alone modules. The integrated form reaches the various levels of a legal framework: from policy makers to the ratification of important contracts, through knowledge of the treaties ratified in certain ministries (trade, foreign affairs, justice) and/or other relevant public institutions, trade promotion bodies such as chambers of commerce and exporting organisations, the academic community for the legal and economic world.
For more information on the five training modules, click here. The ITC has developed a database that is a single point of contact for the more than 750 multilateral trade agreements that are currently effective worldwide. At the country level, the multiplicity of international agreements makes it difficult for policy makers to decide which treaties should be ratified, which contracts should be ignored and which have greater influence on improving the national/regional business environment. The global database includes: one of LegaCarta`s objectives is to encourage countries to participate in the definition of international trade rules rather than simply being the recipients. To this end, the attention of national legal and economic communities should be drawn to the existence and activities of important institutions that shape the rules of international trade. The LegaCarta covers a wide range of trade-related issues (contracts, customs, dispute resolution, environment, finance, good governance, intellectual property, investments, transport and telecommunications), explanations of each instrument, updated ratification tables, country analysis profiles.