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Free trade benefits Panama and United States

Wednesday, October 2, 2013

U.S. exports to Panama have increased by $770 million since a trade promotion agreement between both countries took effect in October 2012.

The figure represents an increase of 20 percent, while Panamanian exports to the U.S. grew 34 percent to $50 million.

Overall, U.S. 2012 merchandise exports to Panama totaled $9.9 billion, while imports totaled $542 million.

Source: Star Tribune