Don’t Make the Perfect the Enemy of the Good: Passing the U.S.-Panama Free Trade Agreement
23 Pages Posted: 9 Jun 2011 Last revised: 25 Aug 2012
Date Written: May 1, 2011
This paper provides my recommended road to passage for the U.S.-Panama Free Trade Agreement. The FTA has stalled since its signing in 2007 under both the Bush and Obama Administrations and through two congressional elections. I analyze two key points in opposition to the passage of the agreement, financial transparency and labor issues. I argue that passage should only be conditioned on the implementation of the recently signed Tax Information Exchange Agreement between the U.S. and Panama. Panamanian labor issues need not be addressed in connection to the FTA’s passage and concerns about money-laundering are sufficiently addressed within the current bilateral relationship.
Keywords: United States, Panama, Free Trade Agreement, Tax Information Exchange Agreement, financial transparency, labor
Suggested Citation: Suggested Citation