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Probably heard President Obama talking about the recent free trade agreement with South Korea now Panama.
Could very well be next on the list but so far the congress here in the United States has not moved on the pending agreement with that country and Ricardo -- -- is the president.
Of the Republic of Panama he joins us now from Washington DC.
Thank you Mr.
President for coming on and maybe you're making some progress down there in terms of that free trade agreement or not.
Yes thank you Carl for inviting me we are regular whoever it is so partners and like I told president -- -- we are ready whenever the US is ready.
I came here to speak at the chamber of commerce.
And to promote trade because straight if your everything's gonna promote investment in the country like Panama on jobs in the US -- plus animal.
With a room larger trade.
And not we both -- come benefit substantially.
And -- -- myself as a no brainer and we haven't -- you the violence in favor of the US for five billion dollars Brett and IE.
We're just waiting whenever the US is ready in order to -- Doug free trade agreement.
There's a lot of people in the business community who would agree that it's a no brainer to do -- a free trade deal with Panama and -- Columbia as that deal is also pending out of the South Korea deal.
Has been done but there are others in the labor movement the unions and what have you in the United States that do not appear to want to move forward are you getting any indication in your meetings here conversations here in the US.
That there will be movement any time soon anything you can tell us on that.
Well I believe that with the new congress comes into into power.
And with the Obama administration will -- to assigned to Korea -- deal.
-- it should be an actual line and little Panama just came last week a couple weeks ago and find their an agreement -- morning.
-- bought a couple billion dollars worth of earthlings.
And Paramount is if that is the largest US is the largest trading partner of Panama and penalize one of the -- frenzy in the in the whole world.
I don't know we will all we we we can believe that a trader -- should have -- signed a long time ago.
But due to some -- thinks that these past Gorman did that they put the president in the affirmative -- -- you know look.
By the US Gorman.
But those -- -- sorry but I believe that that the there's are great and they opportunity for both countries how we are ready whenever you're bulls ready.
You know it's interesting I think -- of it did the last thing unless you're one of the last things out ask -- is that because we're having the debate here in our country over taxes.
And spending right now you've been described as a free markets here you have a business background and in supermarkets and other things for years and you.
You pretty low taxes and is it to corporate tax rate I believe this twenty something percent 25% in the income taxes or anywhere from fifteen to 25%.
Low taxes has that translated in your country into economic growth.
-- -- -- -- -- into bigger investment arm bigger growth.
Economy is growing close to 7% this year and that is -- on the on the fiscal policy though we have.
-- and we also have.
A system where we promote investment.
We would -- -- -- -- We will have gotten -- play 5% taxing corporations are 15% -- and individuals.
-- we promote.
And informed debate all of these this people to -- and leave her work.
And invest in Obama I believe that the only way -- -- to turn comb forward this will lower taxes.
And in -- -- promotes investment.
-- maybe -- get this free trade done deal done you've already given us the best closer in Major League Baseball history and Mariano Rivera so you know it's only.
We -- we will thank you for that and that'll save the deal gets done thank you Mr.
President for coming on regular much.
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