International Engagement Committee
Related Studies & Resources
Sorry, no excerpt set.
Trade Relations
Today, more than 38 million U.S. jobs depend on trade. Trade-related employment has grown by 24 million new jobs in less than two decades, and is an essential part of America’s recovery and future success. With 95 percent of customers living outside the United States, U.S. global trade relations are key to helping American workers and companies sell their products and services around the world.
The United States has the potential to benefit from increased trade with Russia. Russia’s membership in the World Trade Organization (WTO) will require it to open markets to exports, protect intellectual property rights and resolve problems through a rules-based dispute settlement system. While Russia’s accession to the WTO is automatic, U.S. economic benefits from it are not. They will be locked in and enforceable only if Congress grants permanent normal trade relations (PNTR) to Russia. Click the map below to learn more about the benefits of this trade relationship to your state’s economy.
On October 12, 2011, Congress passed three U.S. trade agreements with South Korea, Colombia and Panama. Together, these agreements will support the creation of an estimated 250,000 U.S. jobs and increase U.S. exports by an estimated $13 billion. Learn more by watching our video on trade agreements.
U.S.-Korea FTA Interactive Map
View the fact sheets below to learn more about how the three most recent U.S. trade agreements will benefit the American economy.
- U.S.-Korea Free Trade Agreement (KORUS FTA)
- U.S.-Colombia Free Trade Agreement
- U.S.-Panama Free Trade Agreement
You can also learn more about the complexities of international trade by reviewing our reference guide, The Language of Trade. For more information, please contact David Thomas, Director - Public Policy at dthomas@brt.org.