http://www.citizen.org/Page.aspx?pid=519The U.S.-Panama FTA is not an economically meaningful agreement in terms of
providing a robust market for U.S. exports and job creation. But, its flawed provisions
continue to expand the existing trade model that has proven to undermine our economic
and employment interests. Thus, it further jeopardizes our economic recovery and
expands an unacceptable trading framework.
Among the reasons the U.S. Panama FTA should be rejected are:
· It fails to provide significant economic opportunities to promote our economic
recovery and job creation.
· It fails to reform the existing FTA approach to investment allowing for Panamanian
investors to challenge many of our most important health, safety, environmental and
other laws.
· It fails to ensure adequate provision of labor rights despite recent changes adopted
by the Panamanian government.
· It does not do enough to address Panama’s historic role as a tax haven or center for
narco-trafficking.