| Panama and its foreign relations concern itself with | | | | sustainability. Since January 1, 2007, Panama served in |
| two major issues for Panama's development-the | | | | the UN Security Council of the UN General Assembly |
| Panama Canal and international trade and shipping. | | | | as one who has been elected on the seat. It is also an |
| Since Panama is located at the isthmus of Central | | | | active member of the international financial institution |
| America, it has good reason to be involved in most | | | | such as Inter- America Development Bank, World |
| foreign counterparts. The number one foreign concern | | | | Bank and International Monetary Bank. Moreover, it is |
| of Panama is focused on the Panama Canal. The | | | | also a member of the Inter-American Tropical Tuna |
| history of the Canal, which the United States had | | | | Commission. Aside from the tuna industry, Panama |
| influence over, and its current function has great | | | | and its foreign relations has something to do with |
| impact on Panama's economic and political policy. The | | | | organizations for exporting. Panama is also involved in |
| major concern of Panama is to take over its | | | | the Union of Banana Exporting Countries in which it is |
| sovereignty of the Canal which has various historical | | | | one of the founding members. |
| treaties. As Panama wants to gain sovereignty over | | | | Panama and its foreign relations have contributed to its |
| the Canal, which is the major source of its trade and | | | | development not only in the development of certain |
| economy, it sought support from other nations to | | | | industries but also in general development of the |
| renegotiate treaties. At the same time it understands | | | | country as part of America. It is a member of the |
| its limit against the United States who has influence | | | | Central American Parliament or popularly known as |
| over the building of the canal. | | | | PARLACEN, and the Central America Integrations |
| Secondary to the concern with the Canal, Panama | | | | System or SICA. To further promote economic |
| focused on foreign policy with regards to international | | | | development of the country, Panama and its foreign |
| trade, banking, and shipping. Because most international | | | | relations in America established the Alliance for |
| ships passing through Central America cross over the | | | | Sustainable Development together with other six of its |
| Panama Canal, Panama gains economic advantages | | | | neighbors in Central America. The objective of |
| over this activity. Banking and commerce are also one | | | | Panama and its foreign relations and this alliance |
| of the major economic activities of Panama and its | | | | known as Conjunta Centroamerica-USA |
| foreign relations. Because of the influence of foreign | | | | (CONCAUSA) is for purposes of providing domestic |
| relations to its economic activities, Panama's policy has | | | | and foreign policies that support promotion on |
| concerns on these economic influences. | | | | sustainable development for economy of the |
| Aside from the concerns on the Panama Canal and | | | | participating countries. Finally, Panama and its foreign |
| the international economic influence, Panama and its | | | | relations are also involved in the International Criminal |
| foreign relations is so much involved in foreign | | | | Court in which Panama is a member as well. The said |
| memberships by its participation in foreign organizations | | | | foreign organization is a Bilateral Immunity Agreement |
| that greatly contribute its economic development and | | | | of its members for the protection of the US military. |