Panama Free Trade Agreement: Uncertain fate

It is unclear when the U.S. Congress will vote on the Panama free trade agreement, but the country continues to boost its trade.

Monday, April 21, 2008

The delay in holding a U.S. congressional vote on the Colombia free trade agreement has also delayed the Panama free trade agreement, experts say.

More on this topic

Imminent Approval of Panama-USA FTA

October 2011

Along with free trade agreements with South Korea and Colombia, Panama’s agreement with the USA will be approved this evening in the U.S. Senate.

These trade agreements were negotiated and signed during the administration of President George Bush, but lacked, until now, the support needed for approval in Congress.

Costa Rica sets long-term goal of boosting trade with Andes

April 2008

Costa Rica is looking to hold trade negotiations in the future with Peru and Colombia, Trade Minister Marco Vinicio Ruiz said. But first the United States will have to ratify its free trade accord with Colombia, he added.

Once trade agreements are in place between the US and Peru and Colombia, Costa Rica will seek to benefit from common rules of origin.

South Korea Wants Closer Ties with Central America

June 2010

At the third encounter between Korea and Central America, President Lee Myung-bak will present proposals for developing regional industrial infrastructure.

The Asian nation wants stronger relations with Central America. They plan to provide financial assistance for development projects, in which they will also share their experience in economic growth.

Agreement between Panama Canal and Port of Virginia strengthened

May 2008

The Panama Canal Authority and the American Port of Virginia have ratified an agreement to share information and to promote the "all-water" route from Asia to the east coast of the United States.

The strategic alliance of mutual cooperation was renewed with the signatures of the Panama Canal Authority, Alberto Alemán Zubieta, and the executive director of the Virginia Port Authority, Jerry Bridges.

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