March 28, 2008

Eighty-six percent of U.S. exports of electrical and electronic equipment will receive duty-free treatment immediately upon implementation of the Agreement, with the remaining duties phased out over five and ten years. Electrical and electronic equipment accounted for 1.5 percent of U.S. industrial exports to Panama in 2006, totaling $32 million. The top U.S. exports in this sector were television receivers, generators, photographic equipment, television cameras and parts. Panamanian tariffs range between zero and 15 percent with an average of 8.8 percent. The Government will need to develop new generation projects to meet the growing demand for electricity and to avoid possible energy shortages in the future.

Source: Prepared by the International Trade Administration