Trade Agreement Will Lift Tariffs on Agricultural Goods Starting Oct. 31

Nearly half of U.S. agricultural goods will become duty-free on Oct. 31 when Panama eliminates tariffs on more than 86 percent of American industrial and consumer goods. Earlier this week, U.S. Trade Representative Ron Kirk and Panamanian Minister of Commerce and Industry Ricardo Quijano signed a letter exchange setting a date for the entry-into-force of the U.S.-Panama Trade Promotion Agreement. Based on the agreement, all tariffs on industrial goods will be eliminated within 10 years, and most of the remaining tariffs on agricultural goods will be eliminated over the next 15 years. Learn more.