U.S.-Panama trade pact takes effect Oct. 31

Legal

Tuesday, October 23, 2012

The United States-Panama Trade Promotion Agreement will enter into force on Oct. 31, U.S. Trade Representative Ron Kirk said Monday. According to the Office of the U.S. Trade Representative, the agreement will call on Panama to immediately reduce or eliminate tariffs on U.S. industrial goods, which currently average 7 percent, with some tariffs as high as 81 percent. More than 86 percent of U.S. exports of consumer and industrial products to Panama will become duty-fre...

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