RESTRICTED
WORLD TRADE WT/SPEC/27/Corr.2
3July1996
ORGANIZATION(96-2535)
Original: Spanish
ACCESSION OFPANAMA
Agricultural Schedule ofPanama
Corrigendum
Pages 5,8,9,10and11(document WT/SPEC/27), supporting tables, tobereplaced bythe
following:SCHEDULE CXLI -REPUBLIC OFPANAMAWT/SPEC/27/Corr.2
Page2
ThisSchedule isauthentic onlyintheSpanish language
PART IV-AGRICULTURAL PRODUCTS: COMMITMENTS LIMITING SUBSIDIZATION
(Article 3oftheAgreement onAgriculture)
SECTION I-Domestic Support: Total AMS Commitments
Total AMS Annual andfinalbound commitment levels Relevant supporting tables anddocument
reference
1 2 3
AGST/PAN
Supporting Table No.1AGST/PAN -PART IV/SECTION I
Supporting Table No.1WT/SPEC/27/Corr.2
Page3AGRICULTURE NEGOTIATIONS: SUPPORTING DATA
DOMESTIC SUPPORT: REPUBLIC OFPANAMA
Aggregate Measurements ofNon-Product-Specific Support
Name ofthemeasure Type of
measureDescription Monetary value ofthemeasure
(inthousands ofdollars)Source ofdata Remarks
1 2 3 4 5 6
TOTAL1991
1992
1993
Average282
352
453
362National Budget Office -Ministry of
Planning andEconomic Policy
Discount onelectricity ratesfor
agricultural producersActivities intheagricultural sector enjoy anelectricity consumption
ratelower thanthenormal rate,which represents income foregone by
theInstitute ofWater Resources andElectricity (IRHE) asarebate
onelectricity prices.1991
1992
1993
Average200
177
326
234Institute ofWater Resources and
Electricity
Income-tax exemption for
agricultural producersNatural persons orcorporate bodies engaged inagricultural activity,
whose annual gross income isnogreater than75,000 dollars. Law
No.28of22June1995 settheamount atanannual gross income
notexceeding 100,000 dollars.1991
1992
1993
Average82
175
127
128Office oftheComptroller ofthe
Republic -Directorate General of
Revenue oftheMinistry ofFinance
andtheTreasury. Since thedatafor
1993 arenotavailable, theperiod
1990-1992 hasbeenused.
Gross value ofagricultural
production (atcurrent prices)Aggregate measurements ofnon-product-specific support arelower
than10%(deminimis )ofthegross value ofproduction, sothatthey
arenotsubject toreduction commitments (Article 6.4(b) ofPartIV
oftheAgreement onAgriculture).1991
1992
1993
Average848,802
877,476
907,119
877,799Office oftheComptroller ofthe
Republic, Statistics andCensus
Department. Thevalue for1993 has
beenestimated onthebasis ofthe
growth ratefor1991-92.
Share oftheaggregate
measurement ofsupport inthe
GDP ofagricultural and
agro-industrial production1991
1992
1993
Average0.001%
0.001%
0.001%
0.001%Office oftheComptroller ofthe
Republic, Statistics andCensus
Department
Note: TheRepublic ofPanama invokes thedeminimis clause contained inArticle 6,paragraph 4(b)ofPartIVoftheAgreement onAgriculture.AGST/PAN -PART IV/SECTION I
Supporting Table No.2WT/SPEC/27/Corr.2
Page4
NEGOTIATIONS ONAGRICULTURE: SUPPORTING DATA
DOMESTIC SUPPORT: REPUBLIC OFPANAMA
Measures Excluded from theReduction Commitment
Name ofthemeasure Type of
measureDescription (including reference tocriteria, asappropriate) Monetary value ofthemeasure
(inthousands ofdollars)Source ofthedata Remarks
1 2 3 4 5 6
TOTAL 1991
1992
1993
Average45,503
40,216
44,647
43,455National Budget Office -Ministry
ofPlanning andEconomic Policy
(A)Administrative structure of
thepublic agricultural
sector
Ministry ofAgricultural
Development (MIDA)General
servicesDefines andimplements agricultural policy, plans andprogrammes;
promotes thedevelopment ofagricultural production; coordinates with
official andprivate bodies, domestic andforeign, allactivities ensuring
technical progress andgreater productivity inthesector; promotes the
useandtransfer oftechnology, andtherational useofproductive
resources; promotes agricultural transformation andindustrialization;
regulates andimplements sanitary measures; sustainable development.1991
1992
1993
Average30,441
23,332
27,683
27,152National Budget Office -Ministry
ofPlanning andEconomic Policy
Institute ofAgricultural
Marketing (IMA)General
servicesConducts surveys tocollect datausedtosubmit arecommendation to
theCommittee forPrior Authorization ofQuotas. Supplies
information oninternational prices andgeneral market conditions to
other agricultural offices andthegeneral public.1991
1992
1993
Average3,198
2,870
5,800
3,956National Budget Office -Ministry
ofPlanning andEconomic Policy
Panamanian Institute of
Cooperatives (IPACOOP)General
servicesProvides guidance intheform ofcooperative techniques and
information, forfarmers andadministrative personnel involved with
agricultural activities.1991
1992
1993
Average1,472
2,756
3,213
2,480National Budget Office -Ministry
ofPlanning andEconomic Policy
(B)Research andtechnology
transfer
Agricultural Research Institute
(IDIAP)Research and
technology
transferCarries outthemajor agricultural research projects. Trains farmers to
obtain improved plant andanimal strains andfindmore effective ways
ofcultivating thelandorfeeding cattle. Itsresearch isusedto
determine theeffects ofpesticides andother agricultural aidswitha
view toguaranteeing protection ofhuman health.1991
1992
1993
Average4,628
4,718
4,312
4,553National Budget Office -Ministry
ofPlanning andEconomic PolicyName ofthemeasure Type of
measureDescription (including reference tocriteria, asappropriate) Monetary value ofthemeasure
(inthousands ofdollars)Source ofthedata Remarks
1 2 3 4 5 6
National Institute ofRenewable
Natural Resources
(INRENARE)Establishes overall policies fortheuse,exploitation andconservation
ofrenewable natural resources.1991
1992
1993
Average5,010
5,208
2,640
4,286National Budget Office -Ministry
ofPlanning andEconomic Policy
(C)Disaster relief
Agricultural Insurance Institute
(ISA)Disaster relief Insures particular crops against natural disasters. 1991
1992
1993
Average754
1,333
999
1,029WT/SPEC/27/Corr.2
Page5Note: Thefigures provided incolumn 4correspond totheannual operating budget foreachinstitution.AGST/PAN -PART IV/SECTION I
Supporting Table No.3WT/SPEC/27/Corr.2
Page6
NEGOTIATIONS ONAGRICULTURE: SUPPORTING DATA
DOMESTIC SUPPORT: REPUBLIC OFPANAMA
Measures Exempt from theReduction Commitment: Special andDifferential Treatment
Subsidies Type ofmeasure Commitments Monetary value ofthe
measure
(inthousands ofdollars)Source ofthedata
Average for1991-1993Remarks
1 2 3 4 5 6
(A) Subsidies toagricultural
investment
Preferential interest rate(FECI) Financial support Under LawNo.20of9July1980, theGovernment oftheRepublic
ofPanama established aprogramme toprovide loans forthe
agricultural sector. These loans aregranted atpreferential interest
rates made possible byimposing higher ratesoncommercial and
personal loans.
Theactivities eligible forthepreferential ratesinquestion are:
agriculture, livestock breeding (cattle, pigs, sheep andgoats); poultry
farming; fishfarming; forestry; beekeeping; andsaltproduction.
Theobjects ofthelawaretheacquisition ofinputs (capital goods,
labour, rawmaterials, etc.), sowing, farmwork, farmimprovements,
purchase ofanimals, andacquisition oflandfortheabove-mentioned
activities. Thislawwasamended byLaw28of15December 1983
andLaw36of8November 1984 asregards themode offinancing.
Itwasalsoamended byLaw4of1994, which established thesectors
andthepurposes which canbenefit from theLaw, andbyLaw28of
June1995, which limited theamount ofloans granted under the
scheme to200,000 dollars ayearperitemandperiod.1991
1992
1993
Average7,480
9,314
11,248
9,347National Banking Commission -
National Budget Office -Ministry
ofPlanning andEconomic PolicySubsidies Type ofmeasure Commitments Monetary value ofthe
measure
(inthousands ofdollars)Source ofthedata
Average for1991-1993Remarks
1 2 3 4 5 6
(B) Administrative structure
ofthefinancial lending
institutions
(B.1) Agricultural
Development Bank
(BDA)Financing forsmall-
andmedium-sized
agricultural producersEstablishes lending programmes fortheagricultural sector at
preferential interest rates.1991
1992
1993
Average17,199
18,100
40,855
25,385National Banking Commission -
Ministry ofPlanning andEconomic
Policy
(B.2) National Bank of
Panama, Agriculture
Department (BNP)Financing for
agricultural producersThisdepartment grants loans totheagricultural sector atpreferential
interest rates.1991
1992
1993
Average33,127
39,694
48,101
40,307National Banking Commission -
Ministry ofPlanning andEconomic
PolicyWT/SPEC/27/Corr.2
Page7