Free trade agreements have proven to be one of the best ways to open up foreign markets to U.S. exporters. The United States has agreements in force with 20 countries: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore, and South Korea. The United States is also participating in negotiations of the Trans-Pacific Partnership (TPP) with countries of the Asia-Pacific and the Transatlantic Trade and Investment Partnership (T-TIP) with the European Union. Trade with countries where the United States has free trade agreements accounted for more than 46 percent of U.S. exports [1].

[1] TradeStats Express – U.S. Department of Commerce

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