Free Trade Agreements In English

This first U.S. free trade agreement was far less ambitious than the Canada-U.S. free trade agreement a few years later and even less broad than NAFTA, as mentioned below. IFTA contained only twenty-three articles and four annexes. It did not cover most agricultural trade or investment, but it applies to certain services and intellectual property and went well beyond gatt 1947.52 Free Trade Agreements between the United States and Singapore of 6 May 2003, United States-Singapore, atustr.gov/trade-agreements/free-trade-agreements/singapore-fta/final-text available. In the manufacture of products with a Swiss country of origin, materials which do not meet the criteria of the country of origin which are subject to a refund or non-payment of customs duties (e.g.B may not be used. Products imported and re-exported in processing trade). This rule does not apply to agreements with Singapore, South Korea, SACU, Canada, Japan, Colombia and Peru. However, economists find that trade diversion does not always harm aggregate national welfare: it can even improve aggregate national welfare if the volume of diverted trade is low.

[17] This does not mean that with the success of the NAFTA negotiations, the U.S. government has begun an ongoing process of negotiating additional free trade agreements. It was generally thought by those in the Clinton administration and many observers that NAFTA could and would be extended to other states in the Western Hemisphere (starting with Chile). But this was not the case, in large part, because the Republican Congress refused to renew President Clinton`s “Fast Track” bargaining power after it expired in mid-1994.24 (In fairness to Republicans in Congress, a revival would have been a mixed blessing for the Clinton administration, since several of the president`s major voters, of the Working and Environment Groups were generally opposed to further trade liberalization.) 25 Cf. Argentina-Chile of 2 August 1991 (which covers only trade in goods and excludes most agriculture, services and intellectual property in only ten essential chapters), which is available atwww.sice.oas.org/Trade/argchi/indice_s.asp . . .