Editing Panama (section)

===International trade===
The high levels of Panamanian trade are in large part from the [[Colón Free Trade Zone]], the largest free trade zone in the [[Western Hemisphere]].<ref name="z459">{{cite web | title=Panama Special Economic Zones | website=International Trade Administration | date=July 8, 2021 | url=https://www.trade.gov/market-intelligence/panama-special-economic-zones#:~:text=The%20Colon%20Free%20Zone%20(CFZ,Latin%20American%20and%20Caribbean%20markets. | access-date=May 21, 2024 | archive-date=May 21, 2024 | archive-url=https://web.archive.org/web/20240521143451/https://www.trade.gov/market-intelligence/panama-special-economic-zones#:~:text=The%20Colon%20Free%20Zone%20(CFZ,Latin%20American%20and%20Caribbean%20markets. | url-status=live }}</ref> Last year the zone accounted for 92 percent of Panama's exports and 64 percent of its imports, according to an analysis of figures from the Colon zone management and estimates of Panama's trade by the [[United Nations Economic Commission for Latin America and the Caribbean]]. Panama's economy is also very much supported by the trade and export of coffee and other agricultural products.{{citation needed|date=May 2016}}

The Bilateral Investment Treaty (BIT) between the governments of the United States and Panama was signed on October 27, 1982. The treaty protects US investment and assists Panama in its efforts to develop its economy by creating conditions more favorable for US private investment and thereby strengthening the development of its private sector. The BIT was the first such treaty signed by the US in the Western Hemisphere.<ref>{{cite web |url=http://tcc.export.gov/Trade_Agreements/Bilateral_Investment_Treaties/index.asp |title=List of BITs currently in effect |publisher=Tcc.export.gov |access-date=June 26, 2010 |archive-url=https://web.archive.org/web/20100709145249/http://tcc.export.gov/Trade_Agreements/Bilateral_Investment_Treaties/index.asp |archive-date=July 9, 2010 }}</ref> A [[Panama–United States Trade Promotion Agreement]] (TPA) was signed in 2007, approved by Panama on July 11, 2007, and by US President Obama on October 21, 2011, and the agreement entered into force on October 31, 2012.<ref>{{cite web |url=http://trade.gov/mas/ian/tradeagreements/fta/tg_ian_002427.asp |title=The United States-Panama Trade Promotion Agreement (TPA) |website=Trade.gov |access-date=October 31, 2012 |archive-url=https://web.archive.org/web/20121113033819/http://trade.gov/mas/ian/tradeagreements/fta/tg_ian_002427.asp |archive-date=November 13, 2012 }}</ref>