February 22, 2008

Ninety-seven percent of U.S. medical equipment exports to Panama will receive duty- free access immediately upon entry into force of the trade Agreement. Duties on the remaining three percent of U.S. industrial imports, including orthopedic and fracture appliances and medical furniture will be eliminated over 10 years. Medical equipment accounted for one percent of U.S industrial exports to Panama in 2006, totaling nearly $21 million. The top U.S. exports in this sector included x-ray machines, tomography and electro-diagnostic apparatuses, medical sterilizers, and MRI machines. Panamanian tariffs range between zero and 15 percent, with an average of 8.6 percent.

Source: International Trade Administration