Panama disease the Cavendish was then thought to be immune, but was immune only to the strain of the fungus that destroyed the Gros Michel. The version that annihilated the Gros Michel was found in only the Western Hemisphere, but the version found in Malaysian soil was different, and the Cavendish is susceptible to it. It killed and spread faster, inspiring more panic than its earlier counterpart in Panama. The newly discovered strain of "F. oxysporum" was named "tropical race 4 (TR4)". The resulting worldwide collapse in the banana trade is said to have inspired the song "Yes! We Have No Bananas".
Canada–Panama Free Trade Agreement 99% of its tariffs on goods from Panama. Canada will keep tariffs on some imports of sugar, poultry, eggs and dairy products. Panama will end its ban on beef from Canada which was initiated after cases of mad cow disease were found in Canada in 2003. In 2008, bilateral merchandise trade between Canada and Panama totaled $149.1 million. Trade has increased by 48 percent from 2007. Canada made up $127.9 million of total trade between the two countries, while Panama made up the remaining $21.2 million. Both countries parliament needed to approve the agreement before it could come into force.