The International Trade Administration (ITA) released an updated version of the Free Trade Agreement (FTA) Tariff Tool this week in an effort to help support U.S. exporters. The tool was originally launched in 2011, however, the updated version will encompass the Trans-Pacific Partnership (TPP) tariff elimination schedules.
As the TPP (Trans-Pacific Partnership) gains publicity, another large free trade agreement (FTA) is emerging, known as the Transatlantic Trade and Investment Partnership (T-TIP). Similar to the TPP, the T-TIP will be an ambitious FTA, connecting two of the world's largest economies.
Topics: Free Trade Agreements
To support global trade growth within the technology sector, the World Trade Organization (WTO) has officially announced the expansion of the Information Technology Agreement (ITA). So what do international shippers need to know about the agreement? Which products could experience eliminated tariffs soon?
Did you know that in 2014, 47 percent of U.S. goods exports were sold to Free Trade Agreement (FTA) partner countries? The United States currently has 14 FTAs in force with 20 countries, supporting growth for U.S. products in foreign markets.The reduction of trade barriers by FTAs makes it easier and cheaper for U.S. companies to export their products to these markets.
Trade Promotion Authority (TPA) has been passed by both houses of Congress and signed by the President, setting the stage for the final negotiations of the Trans-Pacific Partnership (TPP). So what is the TPP? Which countries are involved? How will the partnership benefit American businesses? What concerns do critics have regarding the progressive agreement? Below we provide a breakdown of the ambitious new free trade agreement, which stands to be the largest enacted since the North American Free Trade Agreement (NAFTA).