Panama and Canada Sign FTA

The countries signed a Free Trade Agreement which levies tariffs for 100% of Panama’s products and 85% of Canada’s.

Friday, May 14, 2010

The reserved 15% includes the most sensible products for Panama, such as poultry, onion, paper and cardboard.

It will become effective on early 2011, and includes labor and environmental protection dispositions, as well as agreements regarding investments, state purchases and electronic commerce.

Roberto Henríquez, Panama’s Commerce and Industries Minister, said: “With the agreement, Panama hopes to double its bilateral trade with Canada within 5 years”.

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