What Countries Are Part Of The Free Trade Agreement

An interactive list of bilateral and multilateral free trade instruments is available on the TREND Analytics website. [59] First, it is one of the terms sometimes used for free trade agreements to highlight their preferential nature as opposed to trade liberalization under the WTO or a unilateral reduction in tariffs. Switzerland (which has a customs union with Liechtenstein, which is sometimes included in agreements) has bilateral agreements with the following countries and blocs:[41] The World Trade Organization refers to unilateral agreements as preferential trade agreements and mutual agreements as regional trade agreements. In some circumstances, trade negotiations with a trading partner have been concluded but have not yet been signed or ratified. This means that although the negotiations have been concluded, no part of the agreement is yet in force. The United States has 14 free trade agreements with 20 countries and is currently negotiating regional free trade agreements with several others. The European Commission reports annually on the implementation of its main trade agreements during the previous calendar year. Second, the term “preferential trade agreements” can be used to refer to partial agreements. These agreements provide preferential market access by reducing import duties on a limited quantity of goods. The preface (other languages), published in November 2020 and introduced by DG Trade Director-General Sabine Weyand (other languages), provides an overview of the achievements in 2019 and the outstanding work for the EU`s 36 main preferential trade agreements.

The attached Commission Staff Working Document provides detailed information in accordance with trade agreements and partners. List of agreements between two states, two blocs or one bloc and one state. The way free trade agreements are named may also be different. Most free trade agreements are named by listing the participating countries and adding the term “FTA”. For example, the Canada-Korea Free Trade Agreement. However, some free trade agreements are referred to by different names. For example, the Canada-EU Free Trade Agreement is called a Comprehensive Economic and Trade Agreement. Other countries call their trade agreements Economic Partnership Agreements (EPAs) or Comprehensive Economic Partnerships (PCAs). Other variants are also used.

For fully multilateral agreements (not listed below), see: List of multilateral free trade agreements. The People`s Republic of China has bilateral trade agreements with the following blocs, countries, and their two special administrative regions:[13] The United States has begun negotiating bilateral and multilateral free trade agreements with the following countries and blocs: All of the above agreements are indeed free trade agreements, but for various reasons, members prefer to call them by a different name. In many cases, these designations reflect the broader scope of the agreements: many recent free trade agreements go beyond the scope of traditional trade agreements and cover areas such as government procurement, competition, intellectual property, sustainable development, labour and the environment, etc. .