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

Guatemala Sees Threat in Transpacific

May 2013

The negotiation of an agreement between the U.S. and the Trans-Pacific Partnership would enable the country to purchase cheaper textiles from Vietnam, which would disadvantage Central American companies.

In an interview with Eddy Coronado for Sergio de la Torre, Guatemala's economy minister, explained that this negotiation could undermine the conditions that the member countries of CAFTA have negotiated, jeopardizing participation of Guatemalan products in those markets.

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.

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.

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.

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