Panama Trade Agreement

 

The U.S.-Panama Trade Promotion Agreement (TPA) entered into force on October 31, 2012. The agreement eliminates tariffs and other barriers to goods and services, promotes economic growth, and enhances trade between the United States and Panama, which is an important market for America’s farmers and ranchers.

Many agricultural commodities have benefitted from the Panama TPA with duties on many U.S. farm exports eliminated immediately and most of the remaining tariffs to be eliminated within 15 years. On the regulatory side, Panama put in place import measures for meat and poultry that are consistent with the World Organization for Animal Health. Panama also addressed other sanitary-phytosanitary and technical standards issues and agreed to recognize the equivalence of the U.S. meat and poultry inspection systems.

Detailed information about this and other free trade agreements is available from the Office of the U.S. Trade Representative.

Data and Analysis

Those seeking to take advantage of the tariff benefits stemming from the U.S.-Panama Trade Promotion Agreement should ensure their products comply with rules-of-origin requirements to avoid fines and back duty assessments.
International Agricultural Trade Report

Opportunities for U.S. Snack and Confectionery Exports to Latin America

Two key free trade agreements – the Dominican Republic-Central America Free Trade Agreement (or CAFTA-DR) and the U.S.-Panama Trade Promotion Agreement – have stimulated U.S. agricultural exports...
Attaché Report (GAIN)

Panama: FAIRS Country Report

Consumers continue to perceive U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand.

News and Features

Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney travelled to Colombia and Panama Nov. 27-Dec. 1, 2017 to highlight the mutual benefits of the United States’ free trade agreements with both countries. McKinney held bilateral...
Contact: USDA Office of Communications, (202) 720-4623 December 20, 2013 -- Yesterday, Agriculture Under Secretary Michael Scuse joined Tim Hamilton, executive director of Food Export-Midwest and Food Export-Northeast, as well as Dave Ramirez of Ohio...
By Jason Carver, Senior Economist, FAS Global Policy Analysis Division The United States has free trade agreements with 20 countries around the world that expand export opportunities for U.S. food and agricultural producers. To help exporters obtain...

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