- Negotiations
Separate from the US-Dominican Republic-Central America free trade agreement (DR-CAFTA), the US is negotiating a bilateral deal with Panama. The process started in April 2004 and a text was finally agreed to in December 2006. The process has drawn active and strong opposition from many sectors in Panama, from school teachers to cattle ranchers. Meat trade between the two countries was a key sticking point, with Panama long resisting Washington’s demands to accept US sanitary standards as its own. The text of the final agreement on food safety (SPS) shows that the Panamanian government completely gave in.
In October 2011, the US Congress ratified the FTA and on 10 November both governments began the formal process to secure its entry into force by October 2012.
last update: Mayl 2012
Photo: Beneton26 / Wikipedia / CC BY-SA 3.0
28-Mar-2009
Eyes on Trade
Anger is brimming over in diverse corridors over the Bush hangover agreement with Panama, and the new rights it would give to AIG-linked bodies in Panama to sue US taxpayers.
21-Mar-2009
Eyes on trade
Under the Panama FTA, AIG-Panama would be able to sue the US taxpayer for cash damages by claiming common regulatory actions were "tantamount" to an ("indirect") "expropriation."
9-Mar-2009
La Estrella
Around 350 US national, state and local groups from religious to environmental sectors, representing a combined total membership of 18 million, sent a letter to the House of Representatives asking lawmakers not to ratify the free trade agreement between Panama and the United States, insisting that Panama’s economy thrives on banking secrecy and money laundering
4-Mar-2009
Panama Star
54 democrat congressmen sent a letter to President Barack Obama asking him to forego the Free Trade Agreement with Panama, because it has refused to sign any tax information exchange treaties.
2-Mar-2009
Bloomberg
President Barack Obama plans to ask Congress to approve a long-delayed free-trade agreement with Panama and work to resolve remaining issues with the South Korea and Colombia accords so they can be ratified.
10-Dec-2008
Tico Times
A visit by US Secretary of State Condoleezza Rice sparked protest yesterday in the streets by opponents of free trade with the North American giant, a subject Rice is set to discuss here in a conference today.
24-Nov-2008
Reuters
US President George W Bush left Peru on Sunday without nailing down a clear date for when a US free trade agreement with the Andean country would finally go into effect.
17-Sep-2008
Dow Jones Newswires
A day ahead of a scheduled meeting with US President George W Bush, Panamanian President Martin Torrijos continued pushing Tuesday for approval of a free trade deal between the countries. Wal-Mart Stores Inc. also vowed to continue fighting for passage of the agreement and pledged to continue that fight for years, if necessary.
3-Sep-2008
Reuters
President George W. Bush does not want Congress to vote on a free trade agreement with Panama before it votes on a similar deal with Colombia, Bush administration officials said on Tuesday after a major obstacle to approval of the Panama agreement was removed.
23-May-2008
Global Atlanta
“With the United States, our goal is to have a string of free-trading countries from Alaska down to the tip of Argentina and Chile, and Panama is obviously an important link in that chain,” US ambassador to Panama said.