The U.S. presently has bi-lateral free trade agreements in effect with 17 countries: Australia; Bahrain; Canada; Chile; Costa Rica; Dominican Republic; El Salvador; Guatemala; Honduras; Israel; Jordan; Mexico; Morocco; Nicaragua; Oman; Peru and Singapore. U.S. trade agreements with Panama, Korea, and Columbia are pending congressional approval and the U.S. is also in negotiations on trade agreements with Malaysia, Thailand, the United Arab Emirates, and the Southern African Customs Union (SACU). The active multi-lateral trade agreements that the U.S. has signed include the North American Free-Trade Agreement (NAFTA), which includes Canada and Mexico and represents the largest free trade area in the world, and the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR). The U.S. is also a Member of the World Trade Organization (WTO) and is party to the General Agreement on Trade and Tariffs (GATT).