Trade Agreement Characteristics

Free trade policy is not so popular with the general public. The main problems are unfair competition from countries where falling labour costs reduce prices and lose well-paying jobs to producers abroad. Below is a map of the world with the biggest trade deals in 2018. Move the slider over each country for a rounded breakdown of imports, exports, and balances. The Dominican Republic-Central American FTR (CAFTA-DR) is a free trade agreement signed between the United States and the small economies of Central America. NAFTA replaced bilateral agreements with Canada and Mexico in 1994. ==Renegotiation of NAFTA as part of the agreement between the United States, Mexico and Canada, which entered into force in 2020. .