Free Trade Agreement United States

Jordan Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, bilateral merchandise trade between the United States and Jordan has increased by more than 350 percent, from $568 million in 2001 to more than $2 billion in 2016. USTR US-Jordan FTA Page » House Ways and Means Committee holds a hearing on U.S. free trade agreements with Colombia, Panama and South Korea. As part of the resolution, Panamanian officials visited the United States to review the meat and poultry food safety inspection system and found that adopting the U.S. system would not pose a hygienic threat to Panama. This agreement has been formalized in a separate bilateral agreement between the two countries, as well as an optimized import documentation system. On 20 December 20 The agreement signed on 22 December 2006 and entered into force stipulates that Panama undertakes to accept the United States for meat, poultry, dairy products and other processed products. sanitary, phytosanitary and regulatory systems that are consistent with those of Panama and no longer require individual plant inspections. Since then, Panama has amended its legislation accordingly45 A free trade agreement is an agreement between two or more countries in which countries agree, inter alia, on certain obligations affecting trade in goods and services, as well as on investor protection and intellectual property rights. For the United States, the main objective of trade agreements is to reduce barriers to U.S. exports, protect U.S. competing interests abroad, and improve the rule of law in FTA partner countries.

October 2012 in force. The United States maintained a constant trade surplus with Panama under the agreement. In 2016, the United States exported $4.6 billion in goods to Panama, while it imported $3,056 million in Panamanian products.