Types of International Agreements affecting US Trade

The video discusses the United States' international agreements, focusing on treaties of friendship, commerce, and navigation, which have largely been replaced by bilateral investment treaties (BITs). These agreements address tariffs, customs, and duties related to the import and export of goods. NAFTA, a well-known agreement, facilitates free trade between the US, Canada, and Mexico. The video also lists countries with which the US has bilateral agreements, highlighting the reduction of regulatory hurdles and taxes.

What are the two categories into which treaties with other countries are generally broken down?

What is the significance of tariffs, customs, or duties in the context of US treaties with other countries?

How have friendship and commerce treaties evolved in the context of US international agreements?

What is NAFTA, and what countries are involved in this agreement?

List some countries that have bilateral agreements with the United States.