Free trade areas (FTAs) are arrangements among two or more countries under which they agree to eliminate tariffs and non-tariff barriers on trade in goods among themselves. However, each country maintains its own policies, including tariffs, on trade outside the region. In the last few years, the U.S. has engaged or has proposed to engage in negotiations to establish bilateral and regional free trade arrangements with a number of trading partners. Contents of this report: What are Free Trade Areas?; Why Countries Form FTAs; FTAs in the Context of U.S. Trade Policy; Obama Admin. Policy and Recent Developments; Economic Impact of FTAs; FTAs and the WTO; The Debate Over FTAs; Conclusions. Illus. This is a print on demand report.




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