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Recent News

 

February 4, 2014:
USTR Director for Environment and Natural Resources Sarah Stewart Participates in Inaugural Environment Meetings with the Government of Panama

 

October 23, 2012:

Blog Post: U.S. and Panama Set Date for Entry-Into-Force of the U.S.-Panama Trade Promotion Agreement

 

 

October 22, 2012:
United States, Panama Set Date for Entry into Force of United States-Panama Trade Promotion Agreement 

 

October 21, 2011:
Statement By U.S. Trade Representative Ron Kirk On Presidential Signature Of Trade Legislation

 

October 13, 2011
Statements Regarding the Congressional Approval of the Korea, Colombia, and Panama Trade Agreements

 

From Enactment To Entry Into Force: Next Steps On The Trade Agreements

 

October 12, 2011:
Statement By U.S. Trade Representative Ron Kirk On Congressional Passage Of Trade Agreements, Trade Adjustment Assistance And Key Preference Programs

 

October 3, 2011
U.S Trade Representative Ron Kirk Calls for Swift Passage of Trade Agreements

 

  • The United States – Panama Trade Promotion Agreement: Implementing Legislation and Supporting Documentation

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  • Statements Regarding the President’s Submission to Congress of the South Korea, Colombia, and Panama Trade Agreements

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  • The Pending Trade Agreements: More American Jobs, Faster Economic Recovery Through Exports

  • September 2011

    United States - Panama Trade Promotion Agreement: Final Environmental Review


    August 3,2011
    Kirk Comment on Pending Trade Agreements, Trade Adjustment Assistance

     

     

    July 7, 2011
    USTR Kirk Comments Following Trade Markups In Senate Finance, House Ways and Means Committees

     

    July 5, 2011
    Statement from USTR Kirk Regarding Announcement of House Ways & Means Committee Markup

     

    June 30, 2011
    Ambassador Kirk Statement Regarding the Planned Informal Markup in The Senate Finance Committee

     

    June 29, 2011:
    INFO: Links on Pending Trade Agreements, TAA, Preference Programs

     

    June 28, 2011:
    U.S. Trade Representative Ron Kirk Welcomes Next Steps on Pending Trade Pacts, Trade Adjustment Assistance

     

    May 11, 2011
    Testimony of Deputy United States Trade Representative Miriam Sapiro Before the Senate Finance Committee

     

    April 18, 2011
    Ambassador Ron Kirk Announces Next Step for U.S.-Panama Trade Promotion Agreement

    Important U.S.-Panama Links


    Port of MiamiBenefits for Your Industry: USTR Fact Sheets

    Panama is one of the fastest growing economies in Latin America, expanding 6.2 percent in 2010, with similar annual growth forecast through 2015. This comprehensive Agreement will eliminate tariffs and other barriers to U.S. exports, promote economic growth, and expand trade between our two countries.  Visit USTR's Fact Sheet page to find out how the agreement will specifically benefit your sector.

     

    Tractor in a fieldBenefits for Your Farm: Agriculture Fact Sheets

    Panama is an important market for America’s farmers and ranchers. In 2010, the United States exported over $450 million of agricultural products to Panama, more than double U.S. agricultural exports to Panama in 2005. Top U.S. exports were corn, soybean cake and meal, wheat, rice, and horticultural products. Visit the Department of Agriculture's website to find out how the agreement will benefit your sector.

     

    Manufacturing PlantBenefits for Your Sector: Industry Fact Sheets: Benefits for Your Sector

    Over 87 percent of U.S. exports of consumer and industrial products to Panama will become duty-free immediately, with remaining tariffs phased out over ten years. U.S. products that will gain immediate duty-free access include information technology equipment, agricultural and construction equipment, aircraft and parts, medical and scientific equipment, environmental products, pharmaceuticals, fertilizers, and agro-chemicals. Visit the Department of Commerce's website to find out how the agreement will benefit your sector.  

     

    AgreementFull Text of the Agreement

    Read the full text of the U.S.-Panama trade agreement, which is an integral part of the President’s efforts to increase opportunities for U.S. businesses, farmers and workers through improved access for their products and services in foreign markets, and supports the President’s National Export Initiative goal of doubling of U.S. exports in 5 years.

    Support for the U.S.-Panama Trade Agreement

    Statements of support for the U.S.-Panama Trade Agreement from various elected officials, the business community, and advocacy groups can be found below.

     

    Visit Your Government Trade Partners

    Visit USTR's partners across the federal government to learn more about their part in the trade agreement.

    Department of Agriculture Seal     Department of Agriculture

    Commerce Seal     Commerce Department

    Labor Department Seal     Department of Labor

    OMB Seal     Office of Management and Budget

    Export Import Bank Seal      Export-Import Bank

    SBA Seal      Small Business Administration

    OPIC Seal      Overseas Private Investment Corp.

    USTDA Seal      Trade and Development Agency

    State Department Seal      State Department

    Environment in the U.S.-Panama Trade Promotion Agreement

    Trade Agreement Home  •  Key Facts  •  Your Community

    PlantThe 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.

    KEY ELEMENTS:

    • The Agreement’s environmental commitments require both countries not only to maintain current levels of environmental protection but to strive for higher environmental standards. Both the United States and Panama commit not to weaken existing environmental laws or to reduce environmental protections in any way that will give domestic producers an advantage over the other country’s exporters – and both governments commit to effective enforcement of environmental laws. But beyond that, the United States and Panama commit in this Agreement to strive to continue to improve levels of environmental protection – this could be accomplished through actions such as the adoption and promotion of new green technologies, which is a priority for the Obama Administration.

    • The United States and Panama are parties to multilateral environmental agreements that include commitments to: protect threatened and endangered species, protect the ozone layer, conserve wetlands, conserve fisheries, and protect whales. The Agreement requires both countries to live up to the commitments made in the agreements to which they are a party, and sets up a formal dispute settlement process within the bilateral agreement that makes us answerable to each other if either fails to meet these commitments.

    • The landmark, bipartisan May 10, 2007 accord raising environmental standards in American trade agreements benefited greatly from the input of American environmental groups. The U.S.-Panama Agreement ensures that the public can continue to provide vital perspective on whether the Agreement’s environmental commitments are being met, and how practices can be improved as the agreement is implemented. Both the United States and Panama have created opportunities for interested stakeholders to submit their views on implementation of the agreement’s environment chapter. The Agreement also provides for a public submissions process through an independent secretariat for environmental enforcement matters to ensure that views of civil society are appropriately considered.

    • The Agreement provides for the establishment of an Environmental Affairs Council (EAC) of senior-level officials to oversee implementation of the environment chapter, which will involve the public in its work. The EAC was formally established on May 2, 2012.