Panama–United States Trade Promotion Agreement
From Wikipedia, the free encyclopedia
The Panama–United States Trade Promotion Agreement (Spanish: Tratado de Libre Comercio entre Panamá y Estados Unidos or TLC) is a bilateral free trade agreement between Panama and the United States that has been in effect since October 2012. Stated objectives include eliminating obstacles to trade, consolidating access to goods and services and favoring private investment in and between both nations. Apart from commercial issues, it incorporates economic, institutional, intellectual-property, labor and environmental policies, among others.
The negotiations were officially completed on December 19, 2006, though elements were still to be renegotiated. The agreement was signed on 28 June 2007, and Panama's National Assembly ratified it the following 11 July, before the 1200-page document had been translated into Spanish.[1]