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

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Attaché Report (GAIN)

Panama: Rules of Origin Requirements to Receive U.S.-Panama TPA Benefits

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

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News Release

USDA Trade and Foreign Agricultural Affairs Under Secretary Taylor Kicks Off Central America-Dominican Republic Trade Mission to Panama

USDA's Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor arrived in Panama City today to launch an agribusiness trade mission. Taylor and a delegation of representatives from agribusiness and farm organizations and state departments of agriculture look to develop stronger ties and build economic partnerships between the United States and Panama and markets throughout CAFTA-DR region.
News Release

Trade and Foreign Agricultural Affairs Under Secretary to Lead Trade Mission to Panama

USDA's Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead a delegation of 26 agribusinesses and farm organizations to Panama City, Panama, from March 19 to 23.
Multimedia

Trade Agreements at Work in Colombia, Panama

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...