Today, Ways and Means Trade Subcommittee Chairman Kevin Brady (R-TX) issued the following statement upon the announcement by U.S. Trade Representative Ron Kirk that the U.S.-Panama Trade Promotion Agreement has entered into force.
"I welcome the announcement that the U.S.-Panama Trade Promotion Agreement will enter into force today. We can now begin to regain the market share for U.S. goods and services lost in Panama during the years this agreement sat on the shelf. While I am pleased that entry into force will occur now, finally implementing an agreement that was completed over five years ago is merely treading water. Much more work needs to be done, such as prompt completion of the Trans-Pacific Partnership and exploration of new market access initiatives for U.S. goods and services abroad."