Panama and the United States Soon to Be Free-Trade Partners
Panama and the United States Soon to Be Free-Trade Partners The long-awaited free-trade agreement between the United States and Panama should go into effect sometime in October, according to government sources. At a recent meeting at the Apparel Sourcing Show in Guatemala City, the assistant U.S. trade representative for textiles, Gail Strickler, noted that everyone in Washington, D.C., anticipated the trade pact to be up and running in October. The trade accord was signed into law by Congress last Oct. 21, but certain tax transparency issues in Panama had to be resolved. Panama has also changed a number of regulatory barriers to trade in agricultural goods.