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| Free Trade Agreements for 2003 | ||
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Published 20030205 |
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Look for the following Free Trade Agreements (FTAs) in 2003:
The US-Chile Free Trade Agreement is now up for ratification by
Congress
The US-Singapore FTA is almost complete. Once implemented, Duties rates for most goods of Singapore origin can immediately enter the U.S. duty free. Singapore will immediately eliminate all its duties. Negotiations are beginning for FTAs with Central American countries like El Salvador, Guatemala, Honduras, Costa Rica and Nicaragua. The US and Australia are also discussing a mutual free trade agreement. Free Trade Agreements increase trade between countries that negotiate them. For example, in 1992, before the US and Mexico entered into a free trade agreement (NAFTA), Mexico accounted for 6.4 percent of U.S. imports. Today that figure is almost 12 percent. |
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Disclaimer: CORTEZ news articles are condensed from several sources and are, to the best of our knowledge, correct and accurate. We desire to offer our partners in the trade community information that is pertinent, timely, and factual. However, CORTEZ accepts no liability or responsibility for any information published on this site in good faith that subsequently proves to be erroneous. We always welcome your comments and suggestions on how we can improve this site to better meet your needs. |
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