Mexico-Panama: FTA enters into force

Posted on Updated on

The FTA (free trade agreement) between Mexico and Panama has entered into force on 20 April 2015, after ratification by Mexico. The FTA was signed on 3 April 2014 in Panama and on 12 March 2014 in Mexico. According to the FTA Mexico will directly obtain special tariff treatment about 72% of approved products (copper, aluminum, steel, automobiles, auto parts, paints, cosmetics, and perfumes) and this tariff will be gradually reduced after 5 years.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s