U.S.-Panama Trade Promotion Agreement
The United States and Panama concluded free trade negotiations of the U.S.-Panama Trade Promotion Agreement (U.S.-Panama TPA) on December 19, 2006 and signed the Agreement on June 28, 2007. This comprehensive trade agreement reflects Congressional concerns about labor, the environment, intellectual property, and other issues as agreed by consensus between the President and the Congress on May 10, 2007. Both countries need to also pass implementing legislation before the U.S.-Panama TPA can enter into force.
Why a U.S.-Panama Trade Promotion Agreement?
The U.S.-Panama TPA is a tremendous opportunity for U.S. exporters. This comprehensive trade agreement will eliminate tariffs and other barriers to trade of goods and services, promote economic growth, and enhance trade between the United States and Panama. The agreement will also spur reforms of Panama's domestic legal and business environment that are important to encourage investment, protect intellectual property rights, enhance regulatory transparency, and strengthen protections for workers and the environment.
About the U.S.-Panama Trade Promotion Agreement