Free Trade Agreement
A treaty between two or more countries that reduces or eliminates tariffs and other trade barriers on goods traded between them.
Understanding Free Trade Agreement
The United States currently has free trade agreements with 20 countries. These agreements provide preferential duty rates — often zero — for qualifying goods. Major US FTAs include USMCA (Canada and Mexico), KORUS (South Korea), and bilateral agreements with Australia, Singapore, and others.
Frequently Asked Questions
What is Free Trade Agreement?
A treaty between two or more countries that reduces or eliminates tariffs and other trade barriers on goods traded between them.
Why is free trade agreement important for US importers?
The United States currently has free trade agreements with 20 countries. These agreements provide preferential duty rates — often zero — for qualifying goods. Major US FTAs include USMCA (Canada and Mexico), KORUS (South Korea), and bilateral agreements with Australia, Singapore, and others.