Features: Immediately eliminates tariffs for nearly two-thirds of U.S. agricultural products entering South Korea. Eliminates tariffs on 95 percent of U.S. consumer and industrial products within five years.
Estimated annual increase in U.S. exports: $11 billionU.S.-Colombia Trade Promotion Agreement
Features: Eliminates tariffs on 87 percent of U.S. consumer and industrial products (excluding petroleum) within five years. Provides new access for U.S. companies to Colombia's $134 billion services market.
Estimated annual increase in U.S. exports: $1.1 billionU.S.-Panama Trade Promotion Agreement
Features: Immediately eliminates tariffs on nearly all computers, IT equipment and agricultural and construction products. Makes it easier for U.S. businesses to participate in the ongoing $5.25 billion Panama Canal expansion and an additional $5 billion in infrastructure projects that Panama will undertake by 2014.