Separate from the US-Dominican Republic-Central America free trade agreement (DR-CAFTA), the US is negotiating a bilateral deal with Panama. The process started in April 2004 and
Panama has agreed to pay $26 million to settle a dispute with Dominion Mineral Corp. after losing an arbitration award in 2020 over the US mining company’s copper-gold exploration licences.
Panama submitted a formal request to revise the agricultural tariff elimination terms of the US FTA. US agriculture groups urge the Biden administration to oppose any changes to agricultural tariffs, TRQs or safeguards.
The US subsidiaries of Bridgestone Corporation lost a $20 million plus arbitration claim against the Republic of Panama filed by under the US-Panama Trade Promotion Agreement.