Panama is

hopes to rise from obscurity with the common goal to become a more productive and

cohesive country. Panama is indeed known as one of the worlds emergent nations. There

are many plans under way to ensure a better, more productive future for Panama. The

current president, Ernesto Perez's main platform was to modernize Panama. He hopes to

achieve this by reforming labor codes, investment laws, decreasing import barriers,

privatizing the public sector companies, passing anti-monopoly laws and improve

Panama-US relations, just to name a few. President Perez is planning redevelopment of

the Panama Canal Zone. Efficient operation of the Zone is expected in the year 2000.

The most important interest the United States has in Panama is definitely the

Panama Canal. (2.)The Panama Canal Treaty of 1977 and1979 returns the Canal from the

U.S. control to the Panamanians. Between that time the U.S. agreed to pay $10 million

for control of the Canal until 1999. Also an annuity of $250,000 was tacked on and we

promised independence for Panama. Each year the price we pay for the canal rises. The

. . .
The United States is one of Panama's major markets for their exports. Also, as Panama expands and grows there will be many major, million dollar

construction projects on the canal and in other areas in which we can bid on. The PCCO is a part of

the executive branch of the United States. Treasury accounted known as Panama

Canal Revolving Fund. There are

miles of white sandy beaches and numerous islands on each coast. does have the power to do such a thing but moral and legal it is not

just. Do we really want to give the canal to the Panamanians.

Panama's natural resources are timber, seafood, and copper ore. illion due to certain provisions of the treaty. This

includes instillment of a banking center of the world, free movement of capital, a better

tourism incentive, and a restructured economy based on free markets. )In 1995

Panama's Gross Domestic Product (GDP) was 6,961.

Common topics in this essay:
PC/US Net, United Panama's, Panama Canal, Canal Zone, Canal Treaty, PCCO PCCO, Ernesto Perez's, , Product GDP, Revolving Fund, panama canal, pc/us net tons, users canal, cargo vessels, trading hub, hub hemisphere, panama hopes, net tons, copper ore, major users canal, protect investments, trading hub hemisphere, canal zone,

Approximate Word count = 957
Approximate Pages = 4 (250 words per page double spaced)

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