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 U.S. imports from Morocco were $788 million. USTR U.S.-Morocco FTA Page“ A free trade agreement is an agreement between two or more countries whereby countries agree on certain obligations affecting trade in goods and services as well as investor protection 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.
On June 28, 2007, the United States and Colombia reached an agreement amending the U.S.-Colombia agreement to promote trade. These amendments were negotiated to reflect the multi-party trade agreement reached on May 10, 2007 in the U.S. Congress. The Colombian Senate approved the amendments on 30 October 2007. On 22 November 2007, the Colombian President approved amendments to the free trade agreement between the United States and Colombia. The United States is a party to many free trade agreements around the world. Jordan Since the implementation of the U.S.-Jordan Free Trade Agreement in December 2001, trade with two retailers between the United States and Jordan has increased by more than 350%, from US$568 million in 2001 to more than $2 billion in 2016. USTR U.S.-Jordan FTA Page“ Another important type of trade agreement is the Trade and Investment Framework Agreement. TIFA provides a framework for governments to discuss and resolve trade and investment issues at an early stage. These arrangements are also a means of identifying and working, if necessary, for capacity building. 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.