Ustr Agreements

The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA/DR) between the United States and Costa Rica entered into force on January 1, 2009 between the United States and the Dominican Republic on March 1, 2007 between the United States and Guatemala, on July 1, 2006, between the United States and Honduras and Nicaragua. 2006 and between El Salvador and the United States, March 1, 2006. More than 80% of U.S. exports of consumer and industrial goods were exempt from tariffs after the introduction, with the remaining duties spread over 10 years. According to the U.S. Caribbean Basin Trade Partnership Act, many Central American products arrived in the United States duty-free. CAFTA/DR has consolidated these benefits and made them sustainable, so that almost all consumer and industrial products made in Central America now arrive duty-free in the United States. The Free Trade Agreement between the United States and Morocco entered into force on January 1, 2006. When the agreement entered into force, 95% of consumer and industrial goods manufactured in the United States were immediately exempt from customs duties.

Tariffs on most of the remaining qualified products will be gradually reduced over a period of up to nine years. For a limited number of products, customs duties will expire for a maximum period of 15 years. Trade agreements also strengthen the business climate by providing commitments to reduce and eliminate tariffs and eliminate a large number of non-tariff barriers that limit or distort trade flows. Colombia, followed by Peru and Ecuador, in which Bolivia participated as an observer, opened free trade negotiations with the United States on 18 May 2004. After thirteen rounds of negotiations, Colombia and the United States concluded their free trade agreements on 27 February 2006. A Memorandum of Understanding to conclude a free trade agreement was sent to Congress on August 24, 2006. The Colombia-United States Trade Promotion Agreement was signed on 22 November 2006. In Colombia, the agreement was approved by Congress on 14 June 2007. Detailed descriptions and texts of many Americans…

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