U.S.-Panama Free Trade Agreement

1. Introduction to the United States-Panama Agreement
2. Benefits of the United States-Panama Trade Promotion Agreement
3. International Trade United States-Panama

US-Panama Free Trade Agreement (FTA)

The Subject “United States-Panama Free Trade Agreement” belongs to the following Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Languages: or USA Panama Etats-Unis.

United States-Panama Free Trade Agreement

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.

1. 87% of the United States exports of consumer and industrial products to 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 Panama
3. The United States industrial export products face an average tariff of 7% in Panama (some tariffs as high as 81%)
4. The United States agricultural export 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 the services market of Panama (20.6 billion dollars): financial sector, telecommunications, computer, international distribution, express delivery, energy, environmental, and professional services
6. The strategic location of Panama as a major shipping route also enhances the importance of the United States-Panama Agreement
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 includes important disciplines relating to:

1. Customs administration
2. Trade Facilitation
3. Technical Barriers to Trade (TBT)
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 Hispanic American Economic Area and the United States to the North American area (Western Civilization).