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Graphic illustrating the growth of U.S. agricultural exports in response to trade agreements over the past 70 years.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
Panama has approved the import of genetically modified (GM) corn seeds for local production, and has conducted field trials for GM mosquitoes and salmon.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
Panamanian consumers continue perceiving U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand of 14.8 % annually.
Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.
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.