Free Trade Agreements - What It Means To You

FTA's allows companies to enter the global market and compete more easily. They can do this if the importing country lowers tariffs, taxes and restrictions, along with the discriminatory laws and regulations that may be keeping their product from the market. Skilled trades and a trade deal would have been out of the question without FTAs in place.

When you put gross domestic product into perspective of sheer money, one quarter of the United State's revenue comes from exporting goods to other countries. That means that twelve million jobs or one in five manufacturing positions and skilled trades are created due to free trade agreements and exportation. FTA's help a country grow economically.

Over fifty-seven percent of our gross domestic products in exports go to non-FTA countries. Imagine the revenue that would be saved should we enter into a trade deal with these countries. If you want another staggering figure then try this one: over ninety-two percent of the world's gross domestic products go to non-FTA countries. However, there are thirty-four countries that are involved in one free trade agreement or another. For example, the Canada Free Trade Agreement with the US. developed into the North American Free Trade Agreement, involving Canada, the US and Mexico.

The United States, along with the World Trade Organization, are continuously in negotiations with other countries to enter into free trade agreements. This would mean more revenue for other countries along with our own home nations, and it would mean helping other countries to gain better labor laws and working conditions for their own citizens. It would provide economic security and ensure that prosperity is evenly spread around for all to enjoy.