is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Panama Market Reopens to U.S. Corn

Panama Market Reopens to U.S. Corn

Work by trade groups, USDA and the U.S. Trade Representative avert a market closure in the Central American nation.

In a release this week from the National Corn Growers Association, the organization praises work by the U.S. Grains Council, USDA and the US. Trade Representative to "avert a patently protectionist seasonal market closure in Panama."

NCGA's Trade Policy and Biotechnology Action Team Chair Jim Zimmerman comments: "U.S. corn farmers increasingly understand the importance of working diligently to maintain all markets for our product both at home and abroad. The determined efforts of farmers, through the Council, and of our government have resulted ina  real victory that will allow this valuable market to remain open for U.S. corn exports to stay on track."

PANAMA OPEN: Panama government reverses move that would have restricted 2014 U.S. corn exports to that country.

The challenge began in September, when the Panamanian government published rules governing quota administration for U.S. corn exports under the Panama-U.S. Free Trade Agreement. The government exercised a loophole in the FTA and closed the market to import of corn from January through April 2014. The time period coincides with the harvest of local corn and was viewed by U.S. officials as an effort to subvert the FTA to protect local corn producers and force the Panamanian feed industry to buy local corn.

The Grains Council, of which NCGA is a founding member, alerted USDA and the U.S. Trade Representative's office of this move and outlined how this action restricted and was burdensome to trade between Panama and the United States. A combined effort by U.S. officials, the Council and Panamanian industry led to the Panamanian government issuing a new resolution removing any restrictions on U.S. corn imports for 2014.

NCGA notes that under the FTA, Panama will import 12.4 million bushels of U.S. corn in 2014 with an export value of $63 million.

TAGS: Regulatory
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.