Panama

U.S.-PANAMA FREE TRADE AGREEMENT

The United States and Panama began negotiations on a free trade agreement in April of 2004, and a series of negotiating rounds were held during the course of the year. Negotiations were to have been wrapped up in January of 2005, but a number of outstanding issues prolonged negotiations, which were not completed until December of 2006.

As with other FTAs, the Senate Finance and House Ways and Means Committees should hold “mock mark-ups” on the Panama agreement in early 2007.  However, the joint decision to continue labor discussions at a later date could cause the new Democrat majorities in Congress to delay consideration of the agreement until their labor concerns are addressed.
For more information on the US-Panama Free Trade Agreement, click here.

panama

Ambassador Kirk greets the Commerce Minister of Panama, Roberto Henriquez at the 2009 Global Services Summit.

CSI DOCUMENTS AND ACTIVITIES

October 12, 2011: CSI Welcomes Passage of Free Trade Agreements: Historic Vote Will Open Colombia, Korea, Panama Markets to U.S. Service Providers.

October 3, 2011: CSI welcomes White House's decision to submit to Congress the pending U.S. free trade agreements.

April 18, 2011: CSI Welcomes Decision to Move Ahead on Panama TPA.

September 23, 2010: Representatives Erik Paulsen and Walt Minnick pen editorial urging passage of FTAs.

September 18, 2009: Panamanian Minister of Commerce and Industry Roberto Henríquez to join Global Services Summit.

June 28, 2007: Services Industry Expresses Strong Support for U.S. - Panama Trade Promotion Agreement

April 5, 2004: CSI statement on the proposed Free Trade Agreement between the US and Panama, for the Trade Policy Staff Committee, Office of the United States Trade Representative.

Services Drive Growth

The Service Economy

Services represents approximately 75% of US economic output and about 80% of US private sector employment. In 2010, US private services exports exceeded $526 billion, and had a services trade surplus of approximately $168 billion.

Services are essential inputs into the production of virtually all products.  The price and quality of services influence costs and productivity in all other sectors in an economy, including manufacturing and agriculture.  Thus, when liberalized and made more efficient, services have a strong effect in the competitiveness of an entire economy.  For more data and statistics on the service economy, click here.

About CSI

CSI is the leading business organization dedicated to the development of U.S. domestic and international policies that enhance the global competitiveness of the U.S. service sector through bilateral, regional, multilateral, and other trade and investment initiatives.
For more information, click here...