Mexico-Panama: FTA enters into force

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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.

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