WORLD TRADE
ORGANIZATIONG/LIC/N/2/PAN/1
18 August 1998
(98-3255)
Committee on Import Licensing Procedures Original:  Spanish
AGREEMENT ON IMPORT LICENSING PROCEDURES
Notification under Article 5
PANAMA
The following notification, dated 21 July 1998, has been received from the Permanent
Mission of Panama.
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(a) Import licensing procedures are set forth in Title III (General Provisions Governing
the Processing of Import Licences Issued by State Institutions) of Law No. 23 of
15 July 1997 and in Resolution No. 2 of 19 September 1997 (Regulations Governing
the Granting of Import Licences for Products Subject to Tariff-Rate Quotas).1
(b) Attached is a list of products subject to import licensing procedures.1
(c) The Import Licensing Commission issues the notice in two local newspapers on three
different days, 21 days in advance, indicating the products, tariff headings, terms of
delivery, quota volume, number of lots into which the quota is divided, period of
validity of the import licences, tariff due, condition of the product, sanitaryrequirements, and conditions for eligibility.
(d) The administrative body for the submission of applications is the Technical
Secretariat of the Import Licensing Commission.
(e) The import licensing procedure takes place in three phases:  the first phase covers the
21 days between the notice and the award procedure;  the second covers the three
days following the award of the licence during which the licensee must submit the
corresponding sales contract;  the importer then has a period of up to three months to
carry out the import.
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1 Available for consultation in the Secretar iat (Market Access Division) (Spanish only).