As soon as the agreements go beyond the regional level, they need help. The World Trade Organization intervenes at this stage. This international body contributes to the negotiation and implementation of global trade agreements. Panama`s sub-regional independence and dependence on economic relations between the United States have also been worthwhile in the United States, as their interest in the canal is constant. A free trade agreement with Panama can be seen as a way for the United States to support former national trade interests and deepen bilateral relations, especially when they are accepted as a mutually beneficial pact, with reasonably balanced political and economic outcomes. Although many ships have invaded the canal, its territory and prospects for extending the Panamanian crossing reinforce the historical, albeit currently decreasing, importance to the United States as a strategic trade gateway. United States Government Accountability Office (GAO). International taxation: large U.S. companies and federal contractors with subsidiaries in jurisdictions listed as tax havens or financial data protection zones. GAO-09-157. Panama`s rice industry, which supplies more than 90% of domestic demand, also argued that opening up the subsidized rice market in the United States would decimate its industry, which, because of its protection, sells rice well above the world market price. Indeed, the USITC report estimates that the free trade agreement, if fully implemented, will have the greatest impact on rice exports to the United States. Although the rice provisions are not fully implemented until the 20th year of the agreement, the TRQ for crushed rice will, for the first year, be 20 times the current level of U.S.
exports to Panama, which should affect rice farmers shortly after their implementation, which could encourage them to transfer their production to other crops or to leave agriculture for alternative jobs41 Panamanian agriculture does not represents only 6% of GDP. but 17% of employment. These figures reflect both an intrinsic inefficiency, partly due to protection, and the important role that agriculture played in promoting employment in rural areas and social stability. In fact, the 17% of national agricultural employment supports 40% of the country`s population living in rural areas, most of whom live below or below the poverty line. Faced with the potential to relocate a large part of the country`s poor, Panamanians argued that too rapid an opening of the agricultural sector to the large production capacity of the United States would have done great harm to the social structure of the rural economy, which would have led to increased unemployment, poverty and migration between the countryside and the cities. For these reasons, Panama wanted a slow transition to open markets in the agricultural sector and an increase in the sugar quota to boost employment. This would also allow Panama to develop its non-traditional export crops, such as melons, palm oil and pineapple, which some see as the future of the sector.