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.