Canada-Panama Free Trade Agreement Backgrounder

April 8, 2013

Canada and Panama launched free trade negotiations in October 2008. Following several rounds of talks, including intersessional work, both countries announced on August 11, 2009, the conclusion of negotiations towards a free trade agreement (FTA), as well as agreements on labour cooperation and the environment (News Release: PM and President Ricardo Martinelli mark conclusion of Canada-Panama free trade negotiations). Elements covered by the FTA include: market access for goods, cross-border trade in services, telecommunications, investment, financial services and government procurement.

Legislation to implement the three Agreements, Bill C-24 – the Canada-Panama Economic Growth and Prosperity Act, was tabled in the House of Commons on November 15, 2011. On December 14, 2012, The Canada-Panama Economic Growth and Prosperity Act received Royal Assent. On March 17, 2013, Minister Ablonczy announced that the Canada-Panama FTA will enter into force on April 1, 2013.

This article is available in its entirety at: http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/panama/index.aspx?lang=eng.

Topic(s)

Trade Agreements

Information source

Global Affairs Canada (GAC)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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