Agreement Between Real Estate Agents

Real estate brokers in Panama and Canada agreed to create opportunities to promote both housing markets.

Wednesday, May 27, 2009

In the negotiations of the Free Trade Agreement between Canada and Panama, the Panamanian Association of Brokers and Real Estate Developers met with their counterparts in Ontario and Toronto, Canada, where they agreed to create blueprints for future agreements between the organizations.

According to Marijulia Pujol Lloyd in an article in Laestrella.com.pa, the Panamanian real estate sector is being promoted as an ideal place to have a second home, retire or invest in, especially now with the global crisis.

More on this topic

Panama - Canada FTA is in Effect

April 2013

As from April 1st, 78% of the customs duties charged by Panama on imports of Canadian agricultural products will drop to 0%.

Duties on Canadian products not originating in agriculture will fall to zero in 95% of cases.

For Panamanian producers of fresh produce, the current FTA now opens opportunities for increased exports, considering that Canada imports 75% of the fresh produce consumed by its population.

Panama and Canada Sign FTA

May 2010

The countries signed a Free Trade Agreement which levies tariffs for 100% of Panama’s products and 85% of Canada’s.

The reserved 15% includes the most sensible products for Panama, such as poultry, onion, paper and cardboard.

It will become effective on early 2011, and includes labor and environmental protection dispositions, as well as agreements regarding investments, state purchases and electronic commerce.

Canada and Panama Sign FTA

August 2009

Under the agreement, sea products, glass casings and pottery, among others, will enjoy free access to the Canadian market.

The agreement was signed by Panamanian President Ricardo Martinelli, and Canadian Prime Minister Stephen Harper, in Panama City.

A press release by the office of the president of Panama stated that the country will enjoy additional benefits under the agreement:

Panama Real Estate Expo in July

April 2009

The ACOBIR Real Estate Expo 2009, from July 22 - 26, hopes to attract around 1 thousand foreign and 15 thousand local visitors.

The event, organized by the Panamanian Association of Brokers (ACOBIR), will be attended by over 140 exhibitors, forums and national and international speakers.

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