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Although Panama highlighted the use of biotechnology in its Agricultural State Policy Law 352 of 2023, Panama has not yet established the implementing regulations of Law 48 of 2002, which created the National Commission of Biosafety for Genetically Modified Organisms.

This report outlines how U.S. food and agriculture exporters engage with the hotel, restaurant, and institutional (HRI) sector in Panama. This sector plays a vital role in Panama's economy and is driven by international tourism.

In 2023, Taiwan was the seventh largest export market for U.S. agricultural and related products, valued at over $3.7 billion. Imported food and agricultural products must comply with a range of laws designed to protect human health and prevent the introduction of animal and plant pests or diseases.

In 2023, Taiwan's Hotel, Restaurant, and Institutional (HRI) industry reached a record sales figure of one trillion Taiwanese dollars, equivalent to around 30.9 billion U.S. dollars.