Panama broadens terms of trade accord with Taiwan

Panama and Taiwan agreed to broaden the terms of their four-year-old free trade agreement.

Monday, June 30, 2008

Panama was granted an increase to 1,000 metric tons in its quota for smoked pork exports, and there were increases too for sugar, processed chicken, dairy projects, fruits and juices. Taiwan won increases in quotas for manufactured goods, such as plastics, furniture and toys.

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Advantages of Panama-Taiwan FTA Left Untapped

February 2012

Despite tariff removals and opening up of markets provisioned by the FTA, which has been in force since 2004, trade between both countries is low.

During the first half of 2011, $16.2 million worth of Panamanian products were exported to Taiwan (merchandise placed in port FOB) and $21.7 million (cost, insurance and freight or CIF) of goods were imported from the Asian country according to the latest figures from the Controller's Office.

Panama-Taiwan Zero Tariff Trade

January 2013

The trade agreement between the two countries will have been in operation for ten years in 2013, and now all tariffs will be removed.

The trade agreement between the two countries will have been in operation for ten years this year in 2013, a date when according to the text, all negotiated products will reach a tariff reduction to zero, which will provide greater benefits to Panamanian products entering the Asian market.

Opportunities for Panama-Taiwan Trade

April 2012

After a 10-year process in 2013 the elimination of tariffs under the FTA signed in 2003 between the two nations will finally be completed.

The complete elimination of tariffs stipulated in the Taiwan-Panama FTA will take effect in 2013, opening the door to new business opportunities between both parties.

Trade Between Panama and Taiwan

October 2013

Trade between the two nations since the enactment of NAFTA in 2003 has continued to increase, leaving as yet untapped opportunities.

Of the total exports registered by Taiwan, $222 million goes to Panama which re-exports 350 items marketed by the Asian nation.

That country has three international ports and about $301 billion in exports.

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