FTA between Panama and Nicaragua for 2009
After six years of negotiations, Nicaragua and Panama will signed the FTA treat next January
Tuesday, December 23, 2008
The accord contemplates an export quota for Nicaraguan beef (1,500 metric tones) with a grow rate of seven percent and the removal of tariffs for a 10 year term.
A Free Trade Agreement between Nicaragua and Panama will come into effect next Monday.
Companies from both countries have begun a week of negotiations with the aim of increasing the level of business done between them.
After years of negotiations the Nicaraguan Assembly approved the Free Trade Agreement with Panama yesterday.
The announcement was made by the Panamanian Government, after the ratification documents were interchanged by both states.
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