U.S. Grains Council
"Panamanian Government Removes Restrictions on U.S. Corn Imports"
Written by: author's name was not provided
Published: 12 December 2013 Accessed: 16 January 2014
Click here to read this article
Brief Summary of the Article:Timely action by the U.S. Grains Council, U.S. Department of Agriculture and the Office of the U.S. Trade Representative has averted a patently protectionist seasonal market closure in Panama, keeping this important market open for U.S. corn exports. In September, the Panamanian government published regulations governing quota administration for U.S. corn imports under the Panama – U.S. Free Trade Agreement (FTA). The Panimanian government found a loophole and closed the ports of corn for three and a half months. This time period coincides with the harvest of the local corn crop and was an obvious effort to subvert the FTA in order to protect local corn producers and force the Panamanian feed industry to buy local corn. Under the FTA, Panama will import 316,000 metric tons (12.4 million bushels) of U.S. corn in 2014 with an export value of approximately $63 million.
Thoughts, Comments, and/or Reaction:
Article's Relation to "Politics"
"Panamanian Government Removes Restrictions on U.S. Corn Imports"
Written by: author's name was not provided
Published: 12 December 2013 Accessed: 16 January 2014
Click here to read this article
Brief Summary of the Article:Timely action by the U.S. Grains Council, U.S. Department of Agriculture and the Office of the U.S. Trade Representative has averted a patently protectionist seasonal market closure in Panama, keeping this important market open for U.S. corn exports. In September, the Panamanian government published regulations governing quota administration for U.S. corn imports under the Panama – U.S. Free Trade Agreement (FTA). The Panimanian government found a loophole and closed the ports of corn for three and a half months. This time period coincides with the harvest of the local corn crop and was an obvious effort to subvert the FTA in order to protect local corn producers and force the Panamanian feed industry to buy local corn. Under the FTA, Panama will import 316,000 metric tons (12.4 million bushels) of U.S. corn in 2014 with an export value of approximately $63 million.
Thoughts, Comments, and/or Reaction:
Article's Relation to "Politics"