The Trade Promotion Agreement between Panama and the United States of America (Panama-USA TPA) enters into force on October 31, 2012, as a result of a long period of negotiations that included four government administrations.
TPAs generally have the objective of establishing agreements for the scheduled release of merchandise trade between the signatory countries. Being historic trade partners, Panama and the United States pursue with this effort the strengthening and increase of trade relations between them.
Unlike previous agreements, the TPC Panama United States not only regulates the exchange of goods, but also extends to trade in services and investment. Additionally, it addresses other issues related to trade such as intellectual property, government purchases, labor aspects, cooperation, dispute resolution and environmental aspects that are related to commercial activity.