FACT SHEETS: U.S.-PANAMA TRADE PROMOTION AGREEMENT

FACT SHEETS: U.S.-PANAMA TRADE PROMOTION AGREEMENT

President Obama is committed to pursuing an ambitious trade agenda that will help grow our economy and support good jobs for U.S. workers by opening new markets.  To achieve that objective, we seek to provide a level playing field that creates economic opportunities for U.S. workers, companies, farmers, and ranchers, and that ensures our trading partners have acceptable working conditions and respect fundamental labor rights.  As part of this broader trade agenda, the Obama Administration has worked closely with the government of Panama to resolve outstanding issues related to the U.S.-Panama Trade Promotion Agreement.

Yesterday, a Tax Information Exchange Agreement (TIEA) went into effect between the United States and Panama.  The TIEA will permit the two countries to improve their tax information exchange transparency networks globally.  The Government of Panama has also taken a series of legislative and administrative actions to further strengthen its labor laws and enforcement.  The completion of action on transparency and labor clears the way for the Obama Administration to begin discussions with Members of Congress about the draft implementing bill for the Agreement.

Panama is one of the fastest growing economies in Latin America, expanding 6.2 percent in 2010, with similar annual growth forecast through 2015.  The U.S.-Panama Trade Promotion Agreement  will support American jobs, expand markets, and enhance U.S. competitiveness by eliminating tariffs and other barriers to U.S. exports and expanding trade between our two countries.

FACT SHEET: Benefits of the U.S.-Panama Trade Agreement

 

FACT SHEET: Tax Transparency and the U.S.-Panama Trade Agreement

 

FACT SHEET: Labor and the U.S.-Panama Trade Agreement

 

FACT SHEET: Agriculture and the U.S.-Panama Trade Agreement

The Washington Review & Commentary is a White House Blog dedicated to publishing official administration documents, press releases, fact sheets, and other information released through the White House Press Office.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

April 2011
M T W T F S S
« Mar   May »
 123
45678910
11121314151617
18192021222324
252627282930  
Blog Stats
  • 819,680 hits
%d bloggers like this: