u.s. panama trade promotion agreement

Grain exports represent 17 percent of the total cargo that flows through the Panama Canal and 90 percent of those grains are from the United States. Under the U.S.-Panama Trade Promotion Agreement (Panama TPA), which entered into force Oct. 31, U.S. grains and other agricultural products exported to Panama will be completely duty-free within 15 years.

U.S. Agriculture to Benefit from Panama Trade Agreement

The U.S.-Panama Trade Promotion Agreement (Panama TPA) entered into force Oct. 31, expanding market access for U.S. agricultural exporters in one of the fastest growing economies in Latin America. The Panama TPA is the last in a trio of trade agreements (South Korea and Colombia are the others) that altogether are expected to boost U.S. agricultural exports by $2.2 billion when fully implemented.

Erin Tindell, Public Affairs Specialist, Foreign Agricultural Service Posted in Trade

Nov 01, 2012

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