Joint Statement on a Framework for United States-North Macedonia Agreement on Reciprocal, Fair, and Balanced Trade

Key Points

• North Macedonia will remove all taxes, known as tariffs, on American industrial and farm goods. This makes it cheaper and easier for U.S. businesses to sell their products in that country.
• The United States will lower taxes on specific goods coming from North Macedonia to zero percent, while keeping a 15% tax on other items to ensure the trade relationship remains balanced for both sides.
• As part of the deal, North Macedonia will begin buying American liquefied natural gas (LNG) once a new pipeline is finished. This helps support the U.S. energy industry and helps North Macedonia get its energy from more diverse sources.
• Both nations committed to working together on national security and protecting supply chains. They plan to cooperate on stopping other countries from using unfair trade practices or avoiding taxes when shipping goods.
• The agreement includes promises to protect the environment and uphold fair labor standards. It also prevents North Macedonia from adding new taxes on digital services, which helps American tech companies and online businesses.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.