Free trade agreements, or FTAs, are deals set up with other countries to help eliminate tariffs, taxes and other restrictions on exported goods from the United States. The goal of the US and the World Trade Organization is to bring in all countries to help promote more jobs and a better way of life for citizens throughout the world. So what does this mean to you? Some of it may be a little bit confusing but once put into terms of jobs and money; you will be surprised at how FTAs work for 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.

Did you know that one quarter of the United States gross domestic product comes from exporting goods, services and skilled trades to other countries? That is twelve million jobs. One in five manufacturing positions is created to help fill this need. Free trade agreements can help accelerate an economy's growth but it is more than just the United States that is influenced, as they have an effect on other countries as well.

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.
 

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