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The Panama–United States Trade Promotion Agreement (Spanish: Tratado de Libre Comercio entre Panamá y Estados Unidos or TLC) is a bilateral free trade agreement between Panama and the United States that has been in effect since October 2012. Stated objectives include eliminating obstacles to trade, consolidating access to goods and services ...
With help and participation from state-owned and foreign companies, the National Television and Radio System (Sistema Nacional de Radio y Televisión) was awarded a license in 1957, with help from local entrepreneurs and broadcasts officially commenced on April 23, 1962. Its commercial name at the time was Tevedos.
Panama, [a] officially the Republic of Panama, [b] is a country in Latin America at the southern end of Central America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south.
Tocumen International Airport (Spanish: Aeropuerto Internacional de Tocumen) (IATA: PTY, ICAO: MPTO) is the primary international airport serving Panama City, the capital of Panama. The airport serves as the homebase for Copa Airlines and is a regional hub to and from the Caribbean , South , North and Central America and additionally features ...
The district covers an area of 50.1 km². San Miguelito district is completely enclaved within Panama District (which completely surrounds it) and it is included in the Panama City Metropolitan Area. [2] Football player Luis Tejada was born in San Miguelito, and both Blas Pérez and Kevin Kurányi were once residents of the district.
The 1914 boundary treaty made Colón an exclave of the Republic of Panama entirely surrounded by the Panama Canal Zone. Under the 1936 Hull–Alfaro Treaty , the United States ceded the "Colón Corridor" from the Canal Zone; this was a strip under Panamanian jurisdiction just wide enough to build a road 4 miles (6.4 km) long connecting the city ...
The treaty raised the annual payment of the canal (from US-Panama) from $430,000, to $1.93 million. As a consequence, Panama agreed to lower, by 75%, the tax on national liquors sold in the Panama Canal Zone. Panama was granted the right to charge taxes to Panamanians working in the canal and railroads operating inside the Zone or out of it.
Panama is regarded as having a high-income economy. In 2019, Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Panama was ranked 82nd in the Global Innovation Index in 2024