The United States and Panama signed a trade promotion agreement on June 28, 2007. Panama approved the TPA on July 11, 2007. President Obama signed the trade agreement with Panama on October 21, 2011 and the agreement entered into force on October 31, 2012.
U.S.-Panama TPA is a comprehensive trade agreement that can result in significant liberalization of trade in goods and services. It also includes important disciplines relating to customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, and labor and environmental protection.
U.S. firms will have better access to Panama's services sector than it provides to other WTO Members under the General Agreement on Tariffs in Services. All services sectors are covered under the agreement except where Panama has made specific exceptions.
The U.S.-Panama Trade Promotion Agreement entered into force on October 31, 2012. The agreement provides immediate benefits for U.S. exports. A summary of these benefits is provided here.
Select from the links below to view reports profiling the current trade and tariff environment between the United States and Panama, and the sector-specific market access results of the U.S.-Panama Trade Promotion Agreement.