On October 12, 2011, the US Congress approved free trade agreements with Colombia, Panama and South Korea, the first trade partnerships the US had made in years. The US hoped the agreement would boost exports as well as protect US intellectual property within those countries. The last country to institute a trade agreement with the US was Peru in 2007. The agreement with Panama followed the first of such agreements with Central America, which was signed in 2005 by former US President George W. Bush.
Learn more about trade agreements from the JURIST news archive.