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  • Eyes on Trade is a blog by the staff of Public Citizen's Global Trade Watch (GTW) division. GTW aims to promote democracy by challenging corporate globalization, arguing that the current globalization model is neither a random inevitability nor "free trade." Eyes on Trade is a space for interested parties to share information about globalization and trade issues, and in particular for us to share our watchdogging insights with you! GTW director Lori Wallach's initial post explains it all.

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December 01, 2010

More Than TIEA is Needed for Panama Trade Deal

The Obama administration signed a Tax Information Exchange Agreement (TIEA) with Panama yesterday. But a lot of work remains to be done before resolution of Congress’ concerns that no U.S.-Panama “free trade agreement” be considered until Panama cleans up its financial secrecy practices. Verifying that Panama is actually making the necessary changes will take some time. This gives the Obama administration the space to modify the terms of the deal that would make fighting tax-haven abuses difficult.

Read Todd Tucker's statement.

Panama FTA
 
 

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