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Panama approves tax accord to encourage US trade pact

Thursday, April 14, 2011

Panamanian lawmakers approved a tax information exchange agreement with the United States.

The agreement could help win US approval for a long-stalled bilateral trade accord.

The green light for the tax agreement comes just as the White House gears up to ask Congress to ratify a trade deal with Colombia after Panama's South American neighbor agreed to address labor concerns raised by some US lawmakers.

Original source: Reuters