U.S.-Panama Trade Promotion Agreement
The U.S.‐Panama Trade Promotion Agreement (TPA) is an integral part of the President’s efforts to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets. The Panama TPA supports President Obama’s National Export Initiative goal of doubling U.S. exports by the end of 2014.
The U.S.‐Panama TPA is expected to increase U.S. exports to Panama by removing or reducing trade barriers in the Panamanian market and by leveling the tariff playing field. Ninety‐eight percent of Panama’s exports to the U.S. entered duty‐free in 2010, while fewer than 40 percent of U.S. goods entered Panama without tariffs.
The U.S‐Panama TPA would also ensure that U.S. firms have an opportunity to participate on a competitive basis in the $5.25 billion Panama Canal expansion project. Panama’s strategic location as a major shipping route and the massive project underway to expand the capacity of the Canal enhances the importance of the U.S.‐Panama TPA.
On October 22, 2012 the Office of the United States Trade Representative announced that the agreement will enter into force on October 31, 2012. The U.S. and Panama have completed a thorough review of our respective laws and regulations related to the TPA to ensure that U.S. exporters can take advantage of new opportunities in the Panamanian market.
Industry Opportunity Reports
- Panama Industry Opportunity Reports Main Site
- Aerospace
- Agricultural Equipment
- Automotive
- Building Products
- Chemicals
- Construction Equipment
- Consumer Goods
- Electrical Equipment
- Environmental Goods
- Fish and Fish Products
- Footwear and Travel Goods
- Forest Products
- High-Tech Instrumentation
- Information and Communications Technologies
- Machinery
- Medical Equipment
- Metals and Ores
- Minerals and Fuel
- Shipping and Transportation Equipment
- Textiles and Apparel
State Opportunity Reports
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
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