Syllabus of the Subject: Free Trade Agreement (FTA) between the United States and Panama.
Introduction to the United States-Panama Free Trade Agreement;
Benefits of the U.S.-Panama Trade Promotion Agreement;
International Trade United States-Panama.
United States-Panama Free Trade Agreement (FTA)
The Subject “United States-Panama
Free Trade Agreement” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
The United States-Panama FTA is a free trade agreement that can result in a substantial Foreign Trade Liberalization in goods and services,
including the financial services.
87% of the United States exports of consumer and industrial products to the Republic of Panama will become duty-free instantly (with remaining tariffs eliminated over ten years);
In 2011, a Tax Information Exchange Agreement went into
effect between the United States and the Republic of Panama;
The United States industrial export products face an average tariff of 7% in the Republic of Panama (some tariffs as high as 81%);
U.S. agricultural export products face an average tariff of 15% (some tariffs as high as 260%);
The United States-Panama Free Trade Agreement (FTA) guarantees the access to the
services market of Panama (20.6 billion dollars): financial sector, telecommunications, computer, international distribution, express delivery, energy, environmental, and professional services;
The strategic location of the Republic of Panama as a major
shipping route also enhances the importance of the United States-Panama Free Trade Agreement;
66% of the annual transits of the Panama Canal are bound to or from the United States sea ports.
The United States-Panama Free Trade Agreement includes important disciplines relating to: