Panama and the Dominican Republic Analyze Trade Agreement

Authorities in both countries are looking to improve the tariffs, which average around 17%, of more than 80% of export products.

Tuesday, May 26, 2009

Double taxation of products and the tariff situation are the main topics of the meeting to be held next week between the negotiating committee of the Ministry of Commerce and Industry of Panama and representatives from the Dominican Republic, with the aim of improving trade relations and increase trade.

According to, "Trade with the Dominican Republic amounted to $72 million; $55 million in imports and $17 million in exports. Among the goods exported to the island are: fresh fish meat, frozen fish fillets, alcohol, drugs, lead in bulk with antimony, metal shears and similar tools, eggs for hatching, juice, condiments and seasonings, and others."

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The basis for the agreement have been established, with Panama having achieved immediate preferential access for various agricultural and fisheries products, and access through quotas for beef, pineapple, papaya and tropical fruits.

After four rounds of negotiations between teams from each government, a basic document was created setting out the conditions of entry of products and services to each market.

Honduras - Peru Trade Agreement Signed

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80% of Peruvian exports enter duty free immediately and the rest will gradually be exempt from tariffs which will be eliminated completely within 10 years.

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Progress in Costa Rica's Entry into Pacific Alliance

January 2015

The government has announced the signing of the process of incorporation, while business associations oppose the increased tariff liberalization which will come from membership of the group.

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Conditions Improve for Panamanian Exporters

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

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