Singapore-Panama Free Trade Agreement
The Singapore-Panama Free Trade Agreement (FTA) entered into force in 2006.
The objectives of the Singapore-Panama Free Trade Agreement are to:
- Establish a free-trade area that will promote the market opportunities for the exports products, services, and foreign direct investment between Singapore and Panama;
- Strengthen the relationships between Singapore and Panama;
- Establish a cooperative framework;
- liberalize and promote the foreign trade in products and services between Singapore and Panama and to set up a transparent, predictable and facilitative Foreign direct investment regime;
- Improve the efficiency and competitiveness of their goods and services sectors and expand the international trade and foreign direct investment between Singapore and Panama;
- Establish a framework of transparent rules to govern and regulate
the foreign trade and Foreign direct investment (FDI) between Singapore and Panama;
- Maximize the opportunities for the cooperation between Singapore and Panama in logistics and services (telecommunication, maritime, banking).
The Singapore-Panama Free Trade Agreement covers:
- Market access for International trade in goods;
- Cross-border Trade in Services;
- Financial services;
- Telecommunications;
- E-commerce;
- FDI;
- Competition;
- Government Procurement;
- Dispute Settlement.
The Singapore-Panama Free Trade Agreement also has opened up Government procurement.
Chapters of the Singapore-Panama Free Trade Agreement.
- International Trade in goods;
- Rules and certificate of origin;
- Customs Procedures;
- Sanitary and Phytosanitary Measures;
- Technical Barriers to Trade (TBT);
- Competition Policy;
- Government Procurement;
- FDI;
- Cross-border Trade in Services;
- Financial Services;
- Telecommunications;
- E-Commerce;
- Transparency;
- Dispute Settlement;
- Strategic Partnership.

Foreign Trade Singapore-Panama.
- The Republic of Panama is the largest trading partner of Singapore in Latin America (Iberian America);
- Foreign trade: SGD 4.3 billion (30% growth over the previous year).
Panama belongs to the Latin American Economic Area (Western Civilization) and Singapore to the Sinic Civilization.