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The United States and Panama signed a trade promotion agreement on June 28, 2007, and it went into effect on October 31, 2012. Panama is a dynamic, rapidly growing democratic partner, and is one of our most important trading partners in Central America. We posted a $7.9 billion trade surplus with Panama in 2011, a 38.4% increase over 2010. The Agreement will strengthen our relationship with another strategic partner in the Western Hemisphere. The Agreement can result in significant liberalization of trade in goods and services, including financial services. It also includes important disciplines relating to customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, and labor and environmental protection.

About Free Trade Agreements With Panama

 

U.S. Department of State

The Lessons of 1989: Freedom and Our Future