Cantwell Praises Panama Free Trade Agreement Now in Effect
“Today marks a big win for Washington state’s farmers and our trade economy,” said Cantwell. “The apples, pears and cherries Washington farmers export to Panama no longer face burdensome tariffs. This agreement will support jobs in Washington and across the nation.”
The free trade agreement (FTA) with Panama is the last of three trade agreements – with South Korea, Colombia, and Panama enacted into law last October – to go into effect. Cantwell consistently championed the passage of the FTAs through her role on the Senate Finance Committee. She helped secure passage in the Senate after the deals passed the House on three separate votes. The American Farm Bureau estimates that the increased market opportunities for Washington state under these trade agreements could increase direct exports by $52.8 million per year and add hundreds of jobs to the state economy.