The article below describes the Free Trade Agreement with the US, and how it will affect business in Panama.
From the original article:
What the Free Trade Agreement Will Affect – Panama in 2006 exported 337 million dollars worth of good to the USA and practically all of it went duty free. On the other side nearly 2.5 Billion dollars of goods was imported into Panama from the USA in 2006 and most of this got hit with a variety of import duties. For instance American made cars are hit with an import duty ranging from 3% to 20%. So it will allow American goods to be sold more competitively in Panama and probably hurt the sales of Panama made goods. While Panama does not make cars it would impact other products and probably hurt sales of Japanese and Korean cars. This does not seem to be a good thing for Panama.
The free trade agreement also calls for ecological measures and labor measures that will for sure increase the cost of doing business for those in Panama seeking to export into the USA thus making the USA made goods more competitive in the USA marketplace as well as in Panama. It could allow American firms to come here and process meat for instance but they can already do this in the USA or other closer countries so it does not seem to make much sense.
Discuss Add this link to... Bury
From the original article:
What the Free Trade Agreement Will Affect – Panama in 2006 exported 337 million dollars worth of good to the USA and practically all of it went duty free. On the other side nearly 2.5 Billion dollars of goods was imported into Panama from the USA in 2006 and most of this got hit with a variety of import duties. For instance American made cars are hit with an import duty ranging from 3% to 20%. So it will allow American goods to be sold more competitively in Panama and probably hurt the sales of Panama made goods. While Panama does not make cars it would impact other products and probably hurt sales of Japanese and Korean cars. This does not seem to be a good thing for Panama.
The free trade agreement also calls for ecological measures and labor measures that will for sure increase the cost of doing business for those in Panama seeking to export into the USA thus making the USA made goods more competitive in the USA marketplace as well as in Panama. It could allow American firms to come here and process meat for instance but they can already do this in the USA or other closer countries so it does not seem to make much sense.
Discuss Add this link to... Bury
- Offshore IBC - An Offshore Panama IBC is an International Business Corporation incorporated in Panama and are eligible to conduct business around the world as well as inside of Panama. Learn more about the uses of an offshore company...
- A complete guide to Offshore Anonymous Debit Cards
- Panama Maps The Net's most complete source for maps of Panama.
- Panama Yellow Pages Here you can find phone numbers and addresses for most businesses in Panama. Pages are in english for the español impared!
- ExedraBooks.com - ExedraBooks is located on the corner of Vía España and Vía Brasil, across from Galerias Obarrio. They have a fine selection of books in english including children's books, fiction, religious, and reference from popular contemporary authors as well as the classics. While you are there don't forget to stop in the cafe for an espresso or capuccino, and take advantage if the WiFi internet connection. (the WiFi is free if you spend $5.00 in the cafe!)
- Premium staffing services are available for your construction project.
- Add Your Link...
Comments