7 The purpose of this Act is to implement the Agreement and the related agreements, the objectives of which, as elaborated more specifically through their provisions, are to
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(a) establish a free trade area in accordance with the Agreement;
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(b) promote, through the expansion of reciprocal trade, the harmonious development of the economic relations between Canada and the Republic of Panama in order to foster, in both countries, the advancement of economic activity;
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(c) provide fair conditions of competition affecting trade between Canada and the Republic of Panama;
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[...]
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(e) contribute, by the removal of barriers to trade, to the harmonious development and expansion of world and regional trade;
