Panama and Colombia to strengthen commercial relations
The strengthening of commercial, political and economic relations were the main points at a meeting of the Goodwill Commission.
Tuesday, September 2, 2008
Colombian vice-chancellor, Camilo Reyes, highlighted the various instruments that were signed for commercial and customs information exchange, just like the electric interconnection project for which the letter of intent has already been signed and which will facilitate the development of a regulatory framework for interconnection between Panama and Colombia.
The International Finance Corporation has shown interest in both funding the bi national project and expanding the Panamanian electricity transmission network.
In a new meeting between representatives of the two governments, the status of the project will be discussed, having been paralyzed by uncertainty regarding its financial aspects.
The project would start in 2010, and should be operating in 2014, according to the last work schedule.
A report by ECLAC analyzes the present ant potential comercial relations between Central America, CARICOM and Panama.
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