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On April 16, 2019, AquaBounty, a U.S. company that developed genetically-engineered (GE) salmon in Boquete, Panama closed its production and research facilities.
This report provides information to U.S. exporters of agricultural and related products on how to do business in Panama.
Panama is an attractive market for exporting U.S. agricultural food products.
Consumers continue to perceive U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand.
Infographic looking at U.S. agricultural trade with Panama which saw $683 million in agricultural exports from the U.S. in 2018.
On July 20, 2018, the Government of Panama activated the Agricultural Special Safeguard under the U.S. – Panama Trade Promotion Agreement (TPA), re-establishing the bound tariff rate of 70 percent...
Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.
LIne graph showing the growth of U.S. ag exports to Panama from 2002-2016. U.S. ag exports to Panama in 2016 reached $670 million.
Infographic showing U.S. agricultural exports to Panama in 2016. Total U.S. agricultural exports reached $670 million.
Panama has made progress in animal biotechnology with the development of genetically enhanced (GE) salmon and has conducted field trials for GE mosquitoes to fight the Dengue virus and GE Cochliomyia
According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project.
Free Trade Agreements (FTAs) help expand foreign markets for U.S. producers and exporters by reducing trade barriers, fostering a more stable and transparent environment for trade and investment...