Online Research Documents General documents relating to regional trade agreements carry the WT/REG document code. As part of the Doha Agenda trade negotiations mandate, they use TN/RL/O (additional values needed). These links open a new window: Allow a moment for the results to appear. The 1990s opened a defensive snag with the United States on competitiveness and a broad political consensus on the need for the United States to be more aggressive in promoting its trade interests. This attitude changed dramatically over the decade, when the United States regained its international dominance in sectors that have formed as engines of growth and macroeconomic performance. By the late 1990s, America had established one of the most impressive records in decades on the exchange of trade agreements with important regional and bilateral partners and on the management of the multilateral trading system, which has a profound impact on economic and foreign policy. A free trade agreement is a pact between two or more nations to reduce barriers to trade between imports and exports. Under a free trade policy, goods and services can be bought and sold across international borders without government tariffs, quotas, subsidies or bans. It is also important to consider the progress made in promoting open trade as an autonomous economic policy. The Clinton administration`s record in trade is very strong – perhaps not compared to the ideal of the free trade economist, but certainly compared to previous governments that have faced similar political constraints. While the government`s early rhetoric may have been interpreted as an advantage for results-oriented trade, the balance sheet is indeed the most important in forging open market agreements and quite respectable in managing trade disputes and remedial measures.

In any case, the trade record of the 1990s is accumulating very well compared to the 1980s, despite the polarization of domestic political debate. A combination of factors has contributed to this success, including the U.S. economic resurgence and changing attitudes toward trade in Latin America and other developing countries, but President Clinton and the extraordinary group of people he has chosen for trade policy must pay some tribute.