What trade agreements are currently in place?
Indiana is part of the United States, which means it is subject to US international trade laws. These laws are governed by a number of trade agreements, all of which are in place to ensure fair trade between states and other countries. The North American Free Trade Agreement (NAFTA) is an agreement between the US, Canada, and Mexico that eliminates tariffs and other barriers to trade between the three countries. The US-Korea Free Trade Agreement (KORUS) is an agreement between the US and South Korea that seeks to promote economic growth and jobs through increased mutual investment. The Central American Free Trade Agreement (CAFTA-DR) is an agreement between the US and seven Central American countries and the Dominican Republic that seeks to remove barriers to trade and increase investment. The United States also has a number of trade agreements with individual countries, such as the US-China Trade Agreement, which was created to reduce barriers to trade between the two countries. In addition to these, the US is also a member of the World Trade Organization, which helps promote international trade by setting rules for the global trading system. Overall, Indiana is subject to a wide range of trade agreements that help ensure fair and open trade on an international level. These agreements help foster economic growth and job creation in Indiana and across the US.
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