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Dear International Business Leader:
I am pleased to invite you to participate in Enterprise Florida’s Export Sales Mission to Panama City, Panama from June 22-25, 2020.
Panama serves not only as a maritime and air transport conduit between the Caribbean Sea and the Pacific Ocean, but is known as a hub for international trade, banking and services. Panama’s dollar–based economy has been among the fastest-growing in Central America, primarily due to the expansion of the Panama Canal along with other countrywide infrastructure developments.
Of particular interest to Florida’s export community is the U.S. – Panama Trade Promotion Agreement. The wide-ranging agreement went into effect in 2012 and provided for the immediate removal of tariffs on 87 percent of U.S. -made goods and eliminated barriers to financial and other services. Tariffs will be fully eliminated by 2022.
Florida’s trading relationship with Panama is significant as the state accounted for 26% of the nearly $7 billion worth of U.S. merchandise exports to Panama in 2018. Panama also ranks as Florida’s 12th largest total trade partner among all the countries of Latin America and the Caribbean.
With strong demand for made-in-the-USA goods, Florida companies are well-positioned to benefit from this growing market and Enterprise Florida’s Export Sales Mission can provide your company with opportunities to launch or expand your business profile in Panama.
I encourage you to join this mission as we work together to grow our state’s economic ties with this important Latin American trading partner.
Secretary of Commerce
President and CEO, Enterprise Florida, Inc.