February 14, 2008

Over 88 percent of U.S. exports of consumer and industrial products to Panama will be duty-free immediately upon entry into force of the Agreement, with remaining tariffs phased out over 10 years. Within each of the following key industrial sectors, almost all products will gain immediate duty-free access to the Panamanian market: information technology equipment; agricultural and construction equipment; aircraft and parts; medical and scientific equipment; environmental products; pharmaceuticals; fertilizers; and agro-chemicals. Key U.S. agriculture exports such as high quality beef, other meat and poultry products, soybeans, most fresh fruit and nuts, distilled spirits and wine, and many processed food products, will receive immediate duty-free treatment.
Source: Prepared by the International Trade Administration