Money laundering has no place in trade agreements.

Who says Panama is a Tax Haven?

Panama’s economy thrives on banking secrecy, and its “comparative advantage” rests on the ease with which U.S. companies can create subsidiaries there to evade U.S. taxes. A Government Accountability Office study identified Panama as the only current or prospective FTA partner listed on all of the major tax-haven watchdog lists.

Read statements, reports, editorials, and more here.

Update: The Panama-U.S Free Trade Agreement unfortunately passed through Congress on October 12, 2011.  See our statement here and how Minnesota’s Members of Congress voted here.