The United States currently has 14 free trade agreements with the following 20 countries: if the new government is serious about renegotiating NAFTA, it would be worth considering some elements of the much maligned Trans-Pacific Partnership (TPP). The TPP agreement, which has just been frozen by Congress, involved efforts to create competitive conditions for productive, albeit relatively expensive, American workers. Trade agreements can therefore impose control on U.S. lawmakers and regulators, but only by requiring them to structure their policies so as not to have discriminatory effects on activities outside the U.S. borders. As countries around the world compete and cooperate, it is essential that the United States strengthen its leadership role and actively promote trade relations. In addition, it is essential that U.S. businesses – including small and medium-sized enterprises – have clear paths to success in global trade. The use of certain trade agreements to reduce customs payments requires compliance with all complex rules. Companies must comply with them or risk fines and penalties. Companies must qualify their products and submit certificates of origin that regularly deal with complex lists of parts or lists of parts against the rules of origin of the trade agreements in question, whether it is a free trade agreement, a few or dozens. The time required can paralyze an exporter before trying to understand the potential profits. [8] See Bagwell et al.

(2016) for a review of the economic literature on trade agreements, and in particular in the context of managing cost dislocation at the international level, the motivations created by the terms of trade and other international externalities. Globalization has led to a larger and richer U.S. economy. Trade provides the U.S. government with more resources to address these other issues. Funding for the necessary investments in American workers, their communities and infrastructure is economically feasible if the United States remains open. As the experience of the 1930s with Smoot-Hawley tariffs and international retaliatory measures has shown, U.S. trade agreements are important, especially because all Americans are foreigners somewhere.7 For American companies and their 21st century workers, 95% of potential customers in the world live outside U.S. borders. Environmental protection measures can prevent the destruction of natural resources and crops. Labour laws prevent poor working conditions.

The World Trade Organization imposes rules on free trade agreements. The contrast between GIAF`s sales in the trade and non-FTA markets shows the result of preferential trading conditions contained in these agreements and the long-term market developments by organizations such as USGC. The trading partners of the 14 U.S. free trade agreements with 20 countries continue to represent some of the largest and most loyal customers for U.S. corn, sorghum, barley, ethanol, distiller dry grains (DDGS), corn gluten foods and other by-products.