Panama is currently not a signatory to the WTO Government Procurement Agreement (GPA). However, under the PSFTA, Panama has committed to maintaining an open and transparent system of procurement similar to the requirements under the GPA.

Under the chapter, procuring entities in Panama will grant equal and non-discriminatory access to government tenders in excess of the agreed
monetary thresholds to Singapore suppliers.

The agreed threshold for goods and services is Special Drawing Rights (SDR) 130,000 (~S$312,000). The threshold for construction services is SDR 5 million (~S$12 million).