Panama The U.S.-Panama Trade Promotion Agreement was signed in October 2011 and came into force on October 31, 2012. The United States maintained a consistent trade surplus with Panama under the agreement. In 2016, the United States exported $4.6 billion worth of goods to Panama, while it imported $3056 million in Panamanian products. USTR USA-PANAMA TPA Page” Peru The US-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 FTA Page” The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. 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” has updated all UK trade statistics to correct an error. The United States is a member of the World Trade Organization (WTO) and the Marrakesh Agreement establishing the World Trade Organization (WTO) contains rules for trade among the 154 members of the WTO. The United States and other WTO members are currently participating in the WTO negotiations on development in Doha and a strong and open Doha agreement on both goods and services would go a long way in managing the global economic crisis and restoring the role of trade in promoting economic growth and development. 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” 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. Two-way trade reached EUR 1.2 billion in 2016, up 61% from 2005. The USTR Bahrain FTA Page” USTR is the main manager of US 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. The North American Free Trade Agreement (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. USTR NAFTA Page” Morocco Since the implementation of the U.S.-Morocco free trade agreement 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 USA-Morocco FTA Page” Japan stated that the agreement applied a rule authorizing the accumulation of rules of origin, which means that products composed from components manufactured under free trade agreements can benefit from preferential rights.