Panama's service-oriented economy acts as an international hub for activities such as maritime transport, distribution services, and banking. In contrast, the production of a number of agricultural and manufactured goods receives assistance through border protection and fiscal incentives, some contingent upon exportation.
According to the report, undertaking further reforms such as the rationalization of assistance programmes and the simplification of the trade regime, particularly the tariff structure, would help Panama to build on its comparative advantage as a supplier of international services, notably transportation through the Canal, and sustain the robust economic growth achieved in recent years.
The WTO report, along with a policy statement by the Government of Panama, will be the basis for the first TPR of Panama by the Trade Policy Review Body of the WTO on 17 and 19 September 2007.
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Gabon/Cameroon: 1 and 3 October 2007
Peru: 17 and 19 October 2007
Organization of Eastern Caribbean States (OECS): 5 and 7 November 2007
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