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The United States–Korea Free Trade Agreement (officially: Free Trade Agreement Between the United States of America and the Republic of Korea), [1] also known as KORUS FTA, [2] is a trade agreement between the United States and South Korea. Negotiations were announced on February 2, 2006, and concluded on April 1, 2007.
Nation(s)/Region(s) Signed Effective Treaty Ref. Hong Kong 29 June 2003 29 June 2003 Closer Economic Partnership Agreement [2] Macau 18 October 2003 18 October 2003
In April 2005, the Former Prime Minister of Pakistan, Shaukat Aziz, and the Premier of China, Wen Jiabao, announced the commencement of negotiations towards an FTA. [14] On 24 November 2006, former Chinese President, Hu Jintao, visited Pakistan and signed the CPFTA. [6] [11] [15] The CPFTA was enforced on 7 July 2007. [16]
GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...
The OED records the use of the phrase "free trade agreement" with reference to the Australian colonies as early as 1877. [9] After the WTO's World Trade Organization - which has been considered by some as a failure for not promoting trade talks, but a success by others for preventing trade wars - states increasingly started exploring options to conclude FTAs.
Revised FTA between the two parties. [160] [161] Armenia Russia: 30 September 1992 25 March 1993 17 October 2012 Commonwealth of Independent States Free Trade Area [162] Kyrgyzstan Russia: 8 October 1992 24 April 1993 13 December 2013 Commonwealth of Independent States Free Trade Area [163] Croatia European Union: 29 October 2001 1 March 2002
According to an opinion of the Court of Justice of the European Union (ECJ) in Luxembourg, the initial EUSFTA was a so-called mixed agreement.The opinion was requested by the European Commission, which wanted to confirm whether the EU institutions alone were entitled to conclude the agreement, without the individual member states being parties. [8]
The FTA was ratified by the United States Congress with the passage of the United States-Australia Free Trade Agreement Implementation Act. It was passed by the House of Representatives on 14 July 2004 by a vote of 314–109 and by the Senate on 15 July 2004 by a vote of 80–16, [ 2 ] and signed into law by President George W. Bush on 3 August ...