Panama approves FTA with Guatemala

The FTA has already been approved in Panama and is now awaiting debate and ratification in Guatemala.

Monday, November 24, 2008

"When this treaty comes into effect, it will include annexed goods, rules of origin, services and investment, and 94% of our current exports are included in the agreement for immediate access, that is, practically all of our exports to Guatemala, which converts it into a vital support for the national industry," the Minister of Trade and Industry, Gisela Porras, emphasized.

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Panama – Guatemala FTA Goes Into Effect

May 2009

As of June 22, 2009, 93% of bilateral trade will be tariff-free.

The governments of Panama and Guatemala will put into effect the bilateral protocol between the two countries, the Panama - Central America Free Trade Agreement (FTA), which was signed on February 26, 2008.

Guatemala Announces Start of Free Trade Agreement with Panama

June 2009

Effective beginning today, the free trade agreement will allow 93% of commercial goods to be traded without paying custom tariffs.

According to the Guatemalan Central Bank, exports to Panama exceeded $161.1 million and imported goods added up to $128.7 million. published: “The full application of the commercial agreement will allow the penetration of a wide range of Guatemalan products that include medicine, detergents, soaps, cereals, perfumes, cosmetics, greases and oils, among others, into the Panamanian market without tariffs and duties.”

Increased Trade Between Panama and Guatemala

June 2013

During the term of the trade agreement signed four years ago, imports and exports between the two countries has grown by 13%.

According to Maria Luisa Flores, Guatemalan Vice Minister of Economy (Commerce), the country's exports to Panama have had an annual growth of 10.3%, while imports showed an increase of 14%.

Guatemalan Congress Approves FTA with Peru

July 2013

An agreement between parliamentarians has pushed forward the ratification process, which was stuck due to the resistance of the sugar industry.

"The treaty affected the sugar business, which is the reasons why the agreement could not be approved," said one of the congressmen who requested anonymity.

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