The U.S.-Panama Trade Promotion Agreement came into effect on Oct. 31, 2012.
U.S. farm equipment, fertilizers and more than 50 percent of U.S. food exports gained duty-free access to the country upon the deal’s enactment. The rest of the tariffs are to be removed by 2027.
The U.S. exported more than US$500 million of ag products to Panama in 2011 before the deal took effect. That figure increased to US$683 million in 2018.