The Inter-American Convention on international commercial arbitration, 1975 (also known as the Panama Convention) entered into force on June 16, 1976. Subsequent deposits are effective on the 30th day after deposit with the Organization of American States. The Convention is open for signature by all 35 members of the OAS. States from outside the Americas may also accede to the Convention but none has done so to date.
Source: Organization of American States.
The following analysis examines the status of the Panama Convention and the 1958 New York Convention in the 35 OAS states as of June 22, 1996.
1. Twelve states have accepted both the New York and Panama Conventions: Argentina, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama, Peru, USA, Uruguay, and Venezuela.
2. Twelve states have accepted one or the other, but not both conventions:
3. Eleven states have not accepted either convention: Bahamas, Belize, Dominican Republic, Grenada, Guyana, Jamaica, Nicaragua, St. Christopher & Nevis, St. Lucia, St. Vincent & the Grenadines, and Suriname.
4. Two of these eleven states have signed the Panama Convention: Dominican Republic and Nicaragua.