The United States has another multilateral regional trade agreement: the Dominican Republic-Central America Free Trade Agreement (DR-CCAS). This agreement with Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua eliminated tariffs on more than 80% of U.S. exports of non-textile industrial products. The main problems include unfair competition from countries where lower labour costs allow for price reductions and the loss of well-paying jobs with manufacturers abroad. A free trade agreement (FTA) or treaty is a multinational agreement under international law to form a free trade area among cooperating states. Free trade agreements, a form of trade pact, set the tariffs and tariffs that countries impose on imports and exports to reduce or eliminate barriers to trade and thereby promote international trade. [1] These agreements generally focus “on a chapter providing for preferential tariff treatment”, but they often also contain “trade facilitation and rule-making clauses in areas such as investment, intellectual property, government procurement, technical standards, and sanitary and phytosanitary issues”. [2] Free trade allows the unrestricted import and export of goods and services between two or more countries. Trade agreements are concluded to reduce or eliminate customs duties on imports or quotas on exports. These help the participating countries to act competitively.

The United States currently has a number of free trade agreements. These include multinational agreements such as the North American Free Trade Agreement (NAFTA), which covers the United States, Canada and Mexico, and the Central American Free Trade Agreement (CEFTA), which covers most Central American countries. There are also separate trade agreements with countries ranging from Australia to Peru.Fact sheets, Vietnamese trade in your city, texts of agreements, exporters` stories The objective of a free trade agreement is mainly focused on economic benefits and promoting trade between countries by making it more efficient and profitable. Agreements generally eliminate tariffs on goods, simplify customs procedures, remove unjustified restrictions on what can and cannot be traded, and make it easier for businessmen to travel or live in the other`s country. .