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ECONOMICS AND TRADE | Achieving growth through open markets

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  • Graphic showing U.S. exports to Arab countries in 2007

    U.S. Exports to Arab Countries Soar to New Highs

    U.S. exports to the Arab world are soaring as a result of U.S. trade policy, the low value of the dollar and greater liquidity in the region tied to rising oil prices. (National U.S.-Arab Chamber of Commerce)

Did You Know?

  • A Ukrainian worker loading wheat crop onto a truck

    There are eight former Soviet states that are now members of the World Trade Organization.

Feature

  • A girl buying subsidized bread in Egypt
    Food and Global Markets

    Food shortages and diminishing grain stocks have put a spotlight on agriculture and food policies. In a new series, America.gov looks at critical elements of the food chain for what to expect in the near future.

Trade Trivia

  • Trade Trivia

    Chemicals accounted for 34.7 percent of U.S. industrial exports to Colombia in 2005, totaling $1.35 billion. Colombian tariffs averaged 7.8 percent in 2005, and reached as high as 20 percent. For chemical products, 82 percent of U.S. industrial exports will receive duty-free treatment immediately on implementation of the U.S.-Colombia trade pact. Source: Prepared by the International Trade Administration

Free Trade Agreements

International trade allows countries to focus their resources on industries where they have a comparative advantage and can produce higher quality products more cheaply. It lowers the cost of goods and services everywhere, provides more options to consumers and maximizes economic growth. Tariffs and other trade barriers stand in the way these advantages. The United States has been at the forefront in promoting free trade worldwide. The United States currently has nine free trade agreements in force, five pending implementation and four under negotiation.
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