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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

    Government Procurement in the U.S.-Panama Trade Promotion Agreement

    Trade Agreement Home  •  Key Facts  •  Your Community

    Cash Register

    Government procurement typically represents 10 to 15 percent of a country’s Gross Domestic Product. Trade agreements that open foreign government procurement markets provide significant export opportunities for U.S. companies and American workers. When U.S. companies are able to sell into those foreign government procurement markets, they can boost exports and support better, higher-paying U.S. jobs.

    The U.S.-Panama Trade Promotion Agreement (the “Agreement”) government procurement chapter provides significant opportunities for U.S. companies to supply their goods and services to the Panama government with strong procedures that apply to the conduct of the procurement. At the same time, the Agreement’s government procurement rules ensure that certain American business sectors – such as small businesses or textile companies bidding on Department of Defense procurement – continue to receive the same protections they have in other agreements, and also ensure that American environmental and labor safeguards will be maintained.

    KEY ELEMENTS:

    • The Agreement’s government procurement obligations will open Panama’s government procurement market to U.S. firms, creating significant new opportunities for exporters, and ensure that U.S. firms will get to bid on contracts on a level playing field with Panamanian firms.

    • Under the Agreement, U.S. suppliers are granted rights to non-discriminatory treatment in bidding on the procurement of a broad range of Panamanian government entities in all three branches of Panama central government – executive, legislative, and judicial. U.S. suppliers will be able to participate in the procurement of Panama’s ministries, legislature and courts, as well as regional governments, and 31 public enterprises, including the Panama Canal Authority and Panama’s major electric utility.

    • Access to the procurement of the Panama Canal Authority is important because of its $5.25 billion expansion of the Canal, which is the largest infrastructure project of its kind in Latin America. Panama is also expected to have additional infrastructure projects in coming years, including, for example, a highway between Colon and Panama City, the expansion and modernization of the Tocumen International Airport, and a mega-port project for container ships on the Pacific side of the Panama Canal.

    • For all Panamanian central government agencies covered under the Agreement, American contractors will be able to bid on procurements of goods and services valued at $202,000 and above and procurement of construction services valued at $7,777,000. (These thresholds reflect the most recent biannual adjustments, which were made on January 1, 2012. The next adjustments will be made on January 1, 2014.)

    • The Agreement also applies to the purchases of Panama’s regional governments – both provinces and districts.

    • The Agreement preserves the U.S. right to set aside contracts for U.S. small and minority businesses. The agreement does not give Panamanian firms the right to bid on textile purchases by the U.S. Department of Defense.

    • The Agreement clarifies that build-operate-transfer contracts (BOTs) are within the scope of its government procurement obligations. BOTs act as financing vehicles for large-scale construction projects and the building or rehabilitation of public work facilities.

    • The Agreement encourages Panama to adopt the latest and best emerging practices in government procurement, such as the use of electronic procurement tools, which will help U.S. small businesses – and all U.S. firms – more easily participate in government procurement in Panama.

    • The government procurement chapter of the Agreement requires the use of transparent, predictable, and fair procedures in conducting the procurement covered by the Agreement. Each Party must publish its laws, regulations, and other measures governing procurement, along with any changes to those measures. The Chapter sets out basic requirements for each step of the procurement process. These include that procuring entities must publish notices of procurement opportunities in advance and provide effective bid review procedures.

    • The Agreement clarifies that U.S. government agencies can include provisions in their procurements to promote environmental protection.

    • The Agreement also clarifies that requirements can be inserted into government contracts requiring suppliers to comply with generally applicable laws regarding principles and rights in the country where the good is produced or the service is performed. These include freedom of association, collective bargaining, elimination of all forms of compulsory or forced labor, effective abolition of child labor and a prohibition on the worst forms of child labor, and elimination of employment and occupation discrimination based on gender, race, or other factors.

    • The Agreement includes strong anti-corruption provisions that ensure integrity in government procurement. Each Party must maintain procedures to declare suppliers that have engaged in fraudulent or other illegal actions in relation to procurement ineligible for participation in the Party’s procurement.