(prensa.com) Secretary of Commerce Gary Locke indicated that the agreement, "will be ready in a short time, but first will be approval of the agreement with Colombia," according to the newspaper Washington Trade Daily. President Ricardo Martinelli has requested a meeting with U.S. President Barack Obama to discuss ratification of the treaty. "We didn't want to make an … [Read more...]
Pass trade pact with Panama
(MiamiHerald) A hot issue in the new Congress, and one of the areas that could gain bipartisan support, will be free-trade deals in Latin America, specifically with Colombia and Panama. Because we want to stop the flow of drugs to the United States from the South, and alternative crops would reduce drug cultivation, it's common sense to do everything possible to … [Read more...]
Panama evaluates free trade area with five other countries
(prensa.com) A spokesman for the Peruvian Ministry of Foreign Trade and Tourism said that the meeting will be held in Santiago, Chile on the first Thursday in January and will include the ministers of Panama and Mexico. Alan García announced last October, during the signing of an agreement with Panama on agriculture, that he had already approached this country as … [Read more...]
Martinelli said that U.S. objections to the FTA with Panama are resolved
(Panama-america) The president, Ricardo Martinelli, said that the Government's objections to U.S. free trade agreement with Panama has been resolved. "The approval of NAFTA now depends on domestic politics and the willingness of President Barack Obama for submission to Congress. I do not see how a treaty is more beneficial to U.S. to Panama is not approved quickly," … [Read more...]
U.S. – Panama Tax treaty: Fiscal paradise lost
(Economist) EVER since Panama founded its offshore banking centre in the 1970s, its governments have vowed to resist international demands for information about assets held by foreign citizens in the country. Until the global financial crisis struck in 2008, Panama faced little pressure to cough up such data, because other jurisdictions like the Cayman Islands were more … [Read more...]