Panama: Trade relation with EU deteriorates
Panamanian businessmen accuse the Government of not accepting their mistake and fear that the conflict will affect other issues on the European agenda.
Tuesday, December 16, 2008
After the Panama Government tried to blame the EU for "unilaterally" taking away preferential tariffs, without acknowledging that they forgot make the corresponding requests, the European Commission indicated that there will be no turning back on their decision.
The Ministry of Trade and Industry (Mici) continues to work on trying to find a solution to the EU's decision to exclude Panama from the preferential tariffs.
Negligence on the part of Panamanian authorities that led to the loss of preferential tariffs granted by the EU will be covered with public funds.
Exporters requested an explanation from the Government for the negligence that will probably exclude the country from the preferential tariffs system.
The European Commission announced that it will grant tariff free access to thousands of Costa Rican products starting next year and until 2011.
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