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