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Caribbean & Central America - May 2011 (ISSN 1741-4458)

PANAMA: Green light for FTA with US

Panama’s pro-business President Ricardo Martinelli looks set to achieve what he previously described as his “foreign policy priority”. On 19 April, nearly four years after Panama and the US first inked a bilateral Free Trade Agreement (FTA), US Trade Representative Ron Kirk confirmed that Panama had overcome the last “hurdle” and the deal would be sent to the US Congress for its ratification. The announcement provided the backdrop to Martinelli’s first ever official meeting with US President Barack Obama. It comes at a critical point for Martinelli given growing US concern, expressed in US embassy cables released by WikiLeaks, regarding his perceived autocratic tendencies and the suspicion of corruption in his government [RC-11-04].

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