Skip to Content
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

  •  

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

  •  

  • 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

    U.S. Textiles and Apparel in the U.S.-Panama Trade Promotion Agreement

    Trade Agreement Home  •  Key Facts  •  Your Community

    Yarn

    U.S. textiles and apparel exports to Panama have increased over 100 percent since 2007, reaching nearly $65 million in 2011. 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.

     The U.S.-Panama Trade Promotion Agreement (the “Agreement”) opens new market access opportunities for U.S. textiles and apparel manufacturers and strengthens customs enforcement mechanisms to verify claims of origin and deny illegal customs circumvention. Upon entry into force of the Agreement, tariffs on nearly all U.S. textiles and apparel entering Panama that meet the Agreement’s rules of origin are eliminated.

    KEY ELEMENTS:

    • Tariffs: Panama currently has average duties of 6.7 percent on U.S. textiles and apparel goods. The Agreement immediately eliminates tariffs on nearly all U.S. textiles and apparel that meet the “yarn-forward” rule of origin.

    • Textile Specific Safeguard: As a transitional measure, a textile specific safeguard mechanism allows the United States to re-impose tariffs on certain goods if a surge in imports causes or threatens to cause serious damage to the domestic producers.

    • Rule of Origin: The Agreement contains a stringent “yarn-forward” rule of origin, where qualifying textile and apparel products must be made using U.S. or Panamanian yarns and fabrics, which ensures that the benefits of the Agreement go to U.S. and Panamanian producers. Certain textile products, including elastomeric yarns, narrow elastic fabrics, pocketing fabric, thread, and visible linings must be sourced from the United States or Panama for textile and apparel products to qualify for duty-free entry. The Agreement also provides a streamlined commercial availability (“short supply”) determination process which allows fabrics, yarns, or fibers that are not commercially available in a timely manner in the United States and Panama to be sourced from third countries and used in the production of apparel qualifying for duty-free treatment.

    • Enforcement: The Agreement contains strict enforcement provisions, including special customs cooperation commitments between the United States and Panama that provide for verification of claims of origin or preferential treatment, and denial of preferential treatment or entry for suspect goods if claims cannot be verified. As Panama is a major international shipping hub, the strong customs cooperation and enforcement provisions will help ensure that unlawful transshipping or customs circumvention through Panama does not occur.