The countries throughout North and Latin America have put in place an extensive number of trade agreements and pacts.
- The agreements are intended to foster free trade and cooperation on various economic issues between the countries involved.
- Expanding into various country markets where the agreements are in place may offer some regulatory, tax and other benefits.
- There can be issues and pitfalls associated with realizing any benefits available under the various FTAs and pacts.
Countries with multiple trade agreements/pacts
> US has FTAs with 20 countries including 11 in Latin America.
> Chile has 60+ bilateral/regional FTAs, including US, EU, China, Mexico, Mercosur.
> Mexico has 49 FTAs with 46 countries, including EU and Japan… 90% of Mexico’s trade is under FTAs.