Currently, the United States has 14 free trade agreements with 20 countries. Free trade agreements can help your business more easily enter and compete with the global marketplace through zero or reduced tariffs and other provisions. While the specificities of different free trade agreements are different, they generally provide for the removal of barriers to trade and the creation of a more stable and transparent trade and investment environment. This allows U.S. companies to export their products and services to easier and cheaper commercial markets. A free trade agreement (FTA) is an agreement between two or more countries in which countries agree, among other things, on certain obligations that affect trade in goods and services, 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. Selling free trade agreements (FTAs) to the United States can help your business more easily enter the global market and compete by reducing trade barriers. U.S.
free trade agreements address a wide range of activities carried out by foreign governments that impact your business: reduced tariffs, better intellectual property protection, greater contribution by U.S. exporters to the development of product standards for FTA partner countries, fair treatment for U.S. investors, and improved opportunities for U.S. businesses. U.S. public procurement and services companies. Product standards: the ability of U.S. exporters to participate in the development of product standards in the FTA partner country. Sale to the government: the possibility for a US company to offer certain public contracts in the FTA partner country. Reduction or elimination of rates on qualified. U.S. free trade agreements typically deal with a large number of government activities that affect your business: service companies: the ability of U.S.
service providers to provide their services in the FTA partner country….