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Panama's pact with US to be implemented next month

Friday, October 5, 2012

A long-delayed free trade agreement between the United States and Panama will go into force in the coming weeks, once the Central American country takes a few remaining steps, officials from both countries said on Thursday.

"The United States and Panama are on the eve of bringing an historic trade agreement into force," Deputy U.S. Trade Representative Miriam Sapiro said in a speech at the U.S. Chamber of Commerce.

The United States is already Panama's largest trading partner and the two countries share a long and sometimes rocky history, linked to the Panama Canal.

Source: Reuters