December 19,2006

Grassley Welcomes Completion of Negotiations of Panama Free Trade Agreement

M E M O R A N D U M


To: Reporters and Editors

Re: U.S.-Panama Free Trade Agreement negotiations concluded

Da: Tuesday, Dec. 19, 2006
 
Sen. Chuck Grassley, chairman of the Committee on Finance, today welcomed the announcement by U.S. Trade Representative Susan Schwab of the completion of negotiations of a U.S.-Panama Free Trade Agreement. He made the following comment on the announcement.


“This free trade agreement looks like a solid win for the United States. It will benefit U.S. farmers, manufacturers, and service providers, including those in Iowa. I’m especially glad that it will lead to duty-free treatment for U.S. corn, pork, and beef in the Panamian market. In addition, this agreement will lock in Panama’s zero tariffs on U.S. soybeans. Just as important, in negotiations parallel to those of the free trade agreement, Panama agreed to remove non-scientifically based barriers to U.S. agricultural exports, including beef and pork. I look forward to working with my colleagues across the aisle to implement this important agreement in the next Congress.”