A Transatlantic Free Trade Agreement (TAFTA) is a proposal to create a

free-trade agreement A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur ...

covering

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

and

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

, on both sides of the

Atlantic Ocean The Atlantic Ocean is the second largest of the world's five borders of the oceans, oceanic divisions, with an area of about . It covers approximately 17% of Earth#Surface, Earth's surface and about 24% of its water surface area. During the ...

. Such proposals have been made since the 1990s. Between 2013 and about 2017 an agreement between the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

(EU) was under negotiation - the

Transatlantic Trade and Investment Partnership The Transatlantic Trade and Investment Partnership (TTIP) was a proposed trade agreement between the European Union (EU) and the United States, with the aim of promoting trade and multilateral economic growth. According to Karel De Gucht, Euro ...

- but it was abandoned.

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

and

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

both have free trade agreements with both the EU and

European Free Trade Association The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four List of sovereign states and dependent territories in Europe, European states: Iceland, Liechtenstein, Norway and Switzerland. ...

(EFTA).

Current and pending trade agreements between proposed members

* Comprehensive and Progressive Agreement for Trans-Pacific Partnership (Canada and Mexico along with Australia, Japan, Singapore, New Zealand, Vietnam) - since 2018: The United Kingdom is also attempting to participate since 2021. *

United States–Mexico–Canada Agreement The Agreement between the United States of America, the United Mexican States, and Canada (USMCA)Each signatory has a different name for the agreement—in the United States, it is called the United States–Mexico–Canada Agreement (USMCA) ...

(US, Canada & Mexico) – took effect in 2020 *

Canada–European Free Trade Association Free Trade Agreement The Canada–European Free Trade Association Free Trade Agreement is a trade agreement between Canada and the member states of the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein). Signed in Davos, Switzerland on J ...

(Canada & EFTA) – took effect in 2009 *

Comprehensive Economic and Trade Agreement The Comprehensive Economic and Trade Agreement (CETA; French: ''accord économique et commercial global'', AECG; German: ''Umfassendes Wirtschafts- und Handelsabkommen'') is a free-trade agreement between Canada and the European Union and its ...

(Canada & EU) – substantial parts are provisionally applied since September 2017 * Free Trade Agreement between Mexico and the European Union (Mexico & EU) – took effect in 2000 *

European Economic Area The European Economic Area (EEA) was established via the ''Agreement on the European Economic Area'', an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Asso ...

(most of EU & EFTA) – took effect in 1994 * Various bilateral free trade agreements of Switzerland

EU-US trade

Transatlantic Economic Council The Transatlantic Economic Council (TEC) is a body set up between the United States and European Union to direct economic cooperation between the two economies. Establishment and chairmanship The TEC was established by an agreement signed on Apri ...

References

External links

EU negotiations site

European Commission, DG Trade - In focus Transatlantic Trade and Investment Partnership (TTIP)

USTR Transatlantic Trade and Investment Partnership

The Transatlantic Colossus: Global Contributions to Broaden the Debate on the EU-US Free Trade Agreement
''A collaborative publication with over 20 articles on the global implications of the TAFTA , TTIP'' {{Free trade agreements of the United States , state = uncollapsed

Transatlantic Transatlantic, Trans-Atlantic or TransAtlantic may refer to: Film * Transatlantic Pictures, a film production company from 1948 to 1950 * Transatlantic Enterprises, an American production company in the late 1970s * ''Transatlantic'' (1931 film) ...

United States–European Union relations Proposed free trade agreements Treaties entered into by the European Union Free-trade areas Canada–European Union relations Mexico–European Union relations Transatlantic relations

Current and pending trade agreements between proposed members

EU-US trade

See also

References

External links