USTR - Fact Sheet,118,87,124,126,128,130,131,316,220/10en-usFact Sheet: Guatemala Agrees to Comprehensive Labor Enforcement Plan04/11/2013FACT SHEET: GUATEMALA AGREES TO COMPREHENSIVE LABOR ENFORCEMENT PLANThe United States and Guatemala have agreed to an ambitious and comprehensive enforcement plan that includes significant, concrete actions that the Guatemalan government will implement within specified time frames to improve enforcement of labor laws. Below are some of the key actions contained in the plan. in the U.S.-Panama Trade Promotion AgreementThe environment chapter of the U.S.-Panama Trade Promotion Agreement (the “Agreement”) contains groundbreaking elements that were first outlined on May 10, 2007, in a bipartisan, Congressional-Executive accord to incorporate high environmental standards into America’s trade agreements. Under the Agreement, the Panamanian government will be held to the same level of accountability for meeting environmental commitments as it is for meeting all other commitments from market access to intellectual property protection. Textiles and Apparel in the U.S.-Panama Trade Promotion AgreementU.S. textiles and apparel exports to Panama have increased over 60 percent since 2007, reaching nearly $50 million in 2010. Many U.S. yarns, fabrics, and apparel currently face tariffs up to 15 percent upon entering Panama, whereas Panamanian textile and apparel goods enjoy duty-free preferential entry into the U.S. market. Panama remains a vital international shipping hub for textiles and apparel goods entering and exiting the U.S. market. in the U.S. – Panama Trade Promotion AgreementIn an increasing dynamic environment, U.S. telecommunications operators continue to look for opportunities to extend the reach of their global networks in order to deliver the advanced telecommunications their customers demand. The U.S.-Panama Trade Promotion Agreement (the “Agreement”) provides yet another opportunity for U.S. operators to gain the legal certainty necessary to either make significant investments abroad or tap into existing telecommunications infrastructure to better expand their businesses.–-panama-trade-promotion-agreement2011-05-27T04:00:00Agriculture in the U.S.-Panama Trade Promotion AgreementThe U.S.-Panama Trade Promotion Agreement (“the Agreement”) creates new opportunities for U.S. farmers, ranchers, workers, and food processors seeking to export to Panama, one of the fastest growing economies in Latin America. This comprehensive Agreement will eliminate tariffs and other barriers to U.S. exports, promote economic growth, and expand trade between our two countries. in the U.S.-Panama Trade Promotion AgreementThe United States is highly competitive in services trade – providing information and communications technology services, wholesale and retail distribution, express delivery services, energy and environmental services, professional services (such as legal, accounting, architecture, and engineering services), and financial services to customers all over the world. As a result, America is consistently able to export more services than we import every year – despite sometimes significant trade barriers abroad. Property Rights in the U.S.-Panama Trade Promotion AgreementThe intellectual property rights (IPR) chapter of the U.S.-Panama Trade Promotion Agreement (the “Agreement”) contains state-of-the-art protections spanning all types of intellectual property, and requirements to join key multilateral IPR agreements. The Agreement also contains strong enforcement provisions to ensure that all American intellectual property rights are efficiently and effectively protected in Panama.KEY ELEMENTS: in the U.S.-Panama Trade Promotion Agreement: Protecting And Enhancing Labor RightsThe Agreement sets high standards for protecting workers’ rights. The Agreement includes obligations for Panama to protect fundamental labor rights as well as to effectively enforce existing labor laws, which will enable American workers and businesses to compete on a level playing field. The Agreement contains groundbreaking labor protections that were first outlined on May 10, 2007, in a bipartisan, Congressional-Executive agreement to incorporate high labor standards into America’s trade agreements. in the U.S.-Panama Trade Promotion AgreementForeign investment delivers significant economic benefits to U.S. companies and American workers. When U.S. companies can more easily expand to and invest in foreign markets, that access can boost employment, increase wages, promote exports, and enhance innovation here at home by increasing demand for their products and services overseas. Industrial Goods and Manufacturing in the U.S.-Panama Trade Promotion AgreementManufactured goods account for almost 80 percent of U.S. exports to Panama – totaling $1.9 billion in 2010. Between 2008 and 2010 the top five U.S. industrial goods export sectors to Panama were information technology, infrastructure and machinery, chemicals, minerals and fuels and metals.