The United States and Taiwan held a productive meeting at the fifth meeting of the TIFA Joint Council, held in Taipei from May 25 to 26, 2006, on issues related to agricultural trade, intellectual property rights, medicines, government procurement and investment, and other areas. Currently, the United States has 14 free trade agreements with 20 countries. Free trade agreements can help your business more easily enter and compete with the global marketplace through zero or reduced tariffs and other provisions. While the specificities of different free trade agreements are different, they generally provide for the removal of barriers to trade and the creation of a more stable and transparent trade and investment environment. This allows U.S. companies to export their products and services to easier and cheaper commercial markets. .