Conditions Improve for Panamanian Exporters

The Free Trade Agreement with Guatemala added to those with Taiwan, Singapore, Chile, Costa Rica, and Honduras.

Wednesday, July 1, 2009

The group of countries that allow a wide variety of tariff-free Panamanian products through free trade agreements will be expanded with the ratification of the agreement with Nicaragua, creating a larger network of favorable markets. This can offset the decline in revenues caused by the global crisis.

Mario A. Muñoz, in his analysis of the topic in, commented: “At a time when dynamics aren’t very encouraging for agro-exports and local industry, Guatemala promises to be an attractive area and a place where 1.7 million kilograms of Panamanian merchandise valued at $1.6 million is headed. And that is only considering the first quarter of the year, according to the General Comptroller of the Republic.”

Market Intelligence

Everything about exports and imports in Panama.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Panama To Negotiate New FTAs

September 2009

Authorities announced their intent of negotiating FTAs with Norway, Iceland, Switzerland, and the Principality of Liechtenstein.

These potential new Free Trade Agreements are good news for the Association of Panamanian Exporters. Their president, Máximo Gallardo, argues that this could be their way of entering the European market.

Peru Interested in FTA with Panama

April 2009

The Peruvian Embassy in Panama expressed interest in starting negotiations for an FTA in 2010.

Peruvian delegates expressed that a Free Trade Agreement (FTA) would be used by their country to promote the use of the Canal and Panama's geographical position. They also indicated interest in using the Colón Free Zone to re-export textile products.

Euro-Certified Panamanian Entities

February 2009

More or less, these documents affect those that seek compensation for the losses incurred by exporters due to the tariff preferences of the EU.

Upon the Panamanian government not having completed on-time the necessary procedures for the renewal of the SGP Plus as established by Europe, Panamanian exporters lost this benefit and were left at a disadvantage against competitors from other countries who continue to enjoy those preferences. A proposed solution to compensate for the incurrred losses is the basis of the creation of this system.

Panama Explores FTA with Cuba

October 2008

The Ministry of Trade and Industry has announced that it intends to initiate the negotiating process before the end of this year.

Cuba holds position 27 of the main destinations for Panamanian Exports, with at least 3 million dollars, according to the figures from the Office of the Comptroller General of the Republic.

 close (x)

Receive more news about International Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water, power. Great Location, close to everything
Ideal area for living or developing an ecologically...

Stock Indexes

(Jun 29)
Dow Jones
S&P 500


(Jun 29)
Brent Crude Oil
Coffee "C"