In November 2004, Australia and the United States exchanged letters containing information on the implementation of certain aspects of AUSFTA with respect to intellectual property rights and exchanged notes confirming their understanding. The United States is a party to many free trade agreements around the world. All Trade Statistics of Foreign Trade – U.S. Census Bureau. Australia The U.S.-Australia Free Trade Agreement came into force on January 1, 2005. Since then, the United States has maintained a trade surplus of $9.3 billion in 2016. In the same year, the United States exported $16.6 billion worth of goods and imported $7.3 billion in Australian products. USTR Australia FTA Page” The U.S.-Chile Free Trade Agreement came into force on January 1, 2004. At that time, more than 85% of two-degree trade in consumer goods and industrial goods was exempt from tariffs. Tariffs on other products will be phased out over a 12-year period. Detailed descriptions and texts of many U.S.
trade agreements can be accessed through the Left Resource Center. On March 17, 2020, the Office of the U.S. Trade Representative (USTR) informed Congress of its intention to negotiate a trade agreement with the Republic of Kenya (see Trump and Trade Update of March 18, 2020) and rose in public shortly thereafter and announced a public hearing on the proposed U.S.-Kenya trade agreement…. The U.S.-Australia Free Trade Agreement was passed in the U.S. House of Representatives on July 14, 2004 and in the U.S. Senate on July 15, 2004. The U.S.-Australia Free Trade Agreement Implementation Act was signed on August 3, 2004 by the President (Public Act 108-286) which allows the agreement to enter into force on January 1, 2005. Australia`s National Enabling Act was passed by the Australian Parliament on August 13, 2004 and received royal approval on August 16, 2004.
Here is a list of the free trade agreements that include the United States. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. The agreement entered into force on August 1, 2006. All bilateral trade in industrial goods and consumer goods will be exempt from tariffs as soon as the agreement enters into force.