Colombia, Panama and USA FTA Agreement approved
The US Congress approved, after several years, the FTA between Colombia and USA on one hand and between Panama and USA on the other. The next and last step will be the implementation of this agreement where the rules of each country must be adequated to the contents of the FTA.
As per the IP point of view, the main ADVANTAGE of this agreement will be that it will remove significant barriers to U.S. goods from entering Colombia’s and Panama’s markets, which would promote the filing of new trademarks in these Latin-American countries.
Regarding Panama, in light of its strategic location as a major shipping route also enhances the importance of the Agreement. Approximately two-thirds of the Panama Canal’s annual transits are bound to or from U.S. ports, which may also increase customs / border activity as far as border protection is concerned.