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


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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 Martesfinanciero.com, 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.”



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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.

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

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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.

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