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Imports and Exports
The Value of Panama’s merchandise exports has never met the expectation of its imports. The level of imports is almost equivalent to the size of the economy which has remained large at hand. ... Since 1983 tariffs have gradually replaced restrictions on their imports. Taxes were levied on some imports, and incentives were given to nontraditional exports through tax credit certificates.
In1985 merchandise exports totaled US$414. ... 1 million in exports, followed by shrimp (US$53. ...
About 75 percent of Panama’s exports went to industrial countries; such as Latin America which received the other 25 percent. ... Most of the remaining exports went to Costa Rica (7. ... The CBI was expected to increase Panama’s exports to the United States. ... Critics charged that few new trade benefits would come in to the possession of the CBI which was beyond those under the Generalized System of Preferences, which already accommodated 87 percent of Caribbean Basin exports to the United States.
Approximate Word count = 644
Approximate Pages = 2.6
(250 words per page double spaced)
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