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. Trade in two-lane goods reached 1.2 billion euros in 2016, up 61% from 2005. USTR Bahrain FTA Page» North American Free Trade Agreement (NAFTA) 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 USTR NAFTA Page» inevitably for two economies of this size with such a high volume of trade, the EU and the United States face a series of trade disputes dealt with by the WTO`s dispute settlement mechanism. 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 Page FTA USTR is the lead manager of U.S. trade agreements. These include monitoring the implementation of trade agreements with the United States by our trading partners, the application of U.S. rights under those agreements, and the negotiation and signing of trade agreements that advance the President`s trade policy. 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] Peru The trade promotion agreement between the United States and Peru 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 FTA Page» Detailed descriptions and texts from many U.S.