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Title: Trade Promotion Agreement with Panama
Vote Smart's Synopsis:
Vote to pass a resolution that approves a trade agreement with Panama.
Highlights:
- Authorizes the President to set specific tariff modifications (Sec. 201).
- Requires the Secretary of the Treasury to assess specified additional duties on safeguard agricultural goods (Sec. 202).
- Authorizes the President to direct the Secretary of the Treasury to take certain appropriate actions while the government of Panama conducts a verification of an enterprise's compliance with customs laws and regulations regarding trade in textiles or apparel goods (Sec. 208).
- Extends certain customs users fees for the processing of merchandise entered into the United States from September 1, 2021, through September 30, 2021 (Sec. 501).