The long-awaited trade agreement between the United States and Panama appears to be on course after President Bush informed Panamanian President Mireya Moscoso in a meeting last week that he wishes to move negotiations forward.
In the first positive step towards the crystallizing of a deal between the two nations, Mr Bush has assigned top US trade representative Rober Zoellick to the case, saying that he wishes to "accommodate" Panama in any future deal. However, the US president offered precious little in the way of further details.
President Moscoso told reporters following the meeting that: "There's good will, and that's what we wanted to hear," adding that the trade deal may help Panama clear its massive trade deficit with the United States which currently stands somewhere around $665 million. However, the US government has rejected the idea of giving Panama a seat at the free trade pact of Central America negotiations.
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