US-Panama Free Trade Agreement

EENI- School of International Business

Sub-subject: The Free Trade Agreement (FTA) between the United States and Panama. Syllabus:

1. Introduction to the United States-Panama Free Trade Agreement (FTA)
2. Benefits of the US-Panama Trade Promotion Agreement
3. International Trade United States-Panama

Sample of the sub-subject: The United States-Panama Free Trade Agreement (FTA)

Description of the Sub-Subject: The United States-Panama Free Trade Agreement (FTA)

The United States-Panama FTA is a free trade agreement that can result in the substantial liberalisation of the international trade in goods and services, including financial services.

1. 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)
2. In 2011, a Tax Information Exchange Agreement went into effect between the United States and the Republic of Panama
3. The United States industrial export products face an average tariff of 7% in the Republic of Panama (some tariffs as high as 81%).
4. The United States export agricultural products face an average tariff of 15% (some tariffs as high as 260%)
5. The United States-Panama Free Trade Agreement (FTA) guarantees the access to 20.6 billion dollars services market of Panama: The financial sector, telecommunications, computer, international distribution, express delivery, energy, environmental, and professional services
6. 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 (FTA).
7. 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 (FTA) includes important disciplines relating to:

1. Customs administration
2. International Trade facilitation
3. Technical barriers to international trade
4. Government Procurement
5. Foreign Direct Investment (FDI)
6. Telecommunications
7. E-commerce
8. Intellectual Property rights (IPR)
9. Labour and environmental protection

Panama belongs to the Latin American Economic Area and the United States to the North American area of the Christian Civilisation.

Panama Free Trade Agreements (FTA).