Current agreementsCanada, Mexico and United States: United States–Mexico–Canada Agreement (USMCA; 2020)Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Dominican Republic and United States: Dominican Republic–Central America Free Trade Agreement (DR-CAFTA; 2008)More items...
The agreement's supporters included 132 Republicans and 102 Democrats. The bill passed the Senate on November 20, 1993, 61–38. Senate supporters were 34 Republicans and 27 Democrats.
December 1994First Summit of the Americas, Miami, U.S.A. (December 1994) The First Summit of the Americas in Miami set the groundwork for the FTAA. The Summit's Plan of Action, in proposing the FTAA Agreement, gave its blessing to the GATT/ WTO process and committed to the underlying tenets of the GATT.
FTAA's objective is to promote economic growth and democracy by eliminating barriers to trade in all goods (including agricultural and food products) and services, and to facilitate investment. If diplomats reach agreement, free trade in the hemisphere could occur by 2020.
The North American Free Trade Agreement (NAFTA) is signed into law by President Bill Clinton. Clinton said he hoped the agreement would encourage other nations to work toward a broader world-trade pact.
NAFTA. A trade agreement between North America that reduce tariffs, eliminate trade barriers, create a common market, and increase trade/investment. Canada, United States, and Mexico can trade more easily.
The Dominican Republic-Central America FTA (CAFTA-DR) is the first free trade agreement between the United States and a group of smaller developing economies: our Central American neighbors Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, as well as the Dominican Republic.
The CAFTA-DR constitutes the first free trade agreement between the United States and a small group of developing countries. It was created with the purpose of creating new and better economic opportunities by opening markets, eliminating tariffs, reducing barriers to services, and more.
The North American Free Trade Agreement (NAFTA), which was enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship.
Free Trade Area of the Americas (FTAA), proposed free-trade zone encompassing all of the Americas. Negotiations to establish the Free Trade Area of the Americas (FTAA) ended in failure, however, the state parties having been unable to reach an agreement by the 2005 deadline they had set.
The Didipio Mine is held under a Financial or Technical Assistance Agreement (FTAA) No. 001 with the Philippine government, the first of its kind issued in the Philippines since 1994, granting title, exploration, and mining rights to the Company within a fixed fiscal regime.
For the United States, NAFTA is an integration arrangement with close neighbors while the FTAA is not. The most important similarity between the two is that each seeks free trade and a wel- coming setting for foreign investment; particularly direct investment.