WASHINGTON – Sen. Mike Johanns (R-Neb.) applauded today’s implementation of the U.S.–Panama Trade Promotion Agreement. The agreement reduces or eliminates tariffs on nearly 90 percent of U.S. goods entering Panama, and nearly half of U.S. agricultural commodities to Panama will immediately become duty-free, including wheat, high-quality beef, barley, soybeans and bacon. Prior to implementation, tariffs on some U.S. goods entering the market in Panama could be more than 80 percent.
“The implementation of this trade deal is welcome news that’s been a long time coming,” Johanns said. “The U.S. is already Panama’s largest trading partner and our market share will only grow now that Nebraska’s ag producers can start selling many of their products there duty free.
“I worked on this and many other trade agreements during my time as Secretary of Agriculture only to see them stalled unnecessarily by partisan politics. Fortunately, progress has been made over the past year when it comes to trade and I hope that will continue. While our economy continues to struggle, Congress and the Administration should promote free trade to enable the sharing of quality American goods with the global community.”