The fairs will held in countries such as Japan, Germany, Spain, the United States, Belgium, Canada, Taiwan, and others.
Participants only have to pay for their travel and personal expenses, since the Ministry of Trade will cover the cost of the booths that the companies will use at the exhibition and for the transport of sample products.
The country will participate in 21 international fairs specializing in agricultural products, logistics, food, handicrafts and more.
As of October 2011 the value of contracts signed at fairs amounted to $660 million, $34 million more than in the same period in 2010.
Irma Vanessa Chong, general manager of Commercial Missions of the Ministry of Commerce and Industry (MITI), noted that new destinations have been identified for Panamanian exports (the Nordic countries, Russia, Japan).
The country plans to increase by 42% its participation in foreign trade fairs for 2011.
Roberto Brenes, general manager of the Center for Exports and Investment in Nicaragua, said they will have cooperation from the Enterprise and Employment Program of USAID.
The manager told El Nuevo Diario, "This year we went to seven trade fairs, but next year we will add three more, which will make 10 fairs or more for the year, adding new markets (besides Central America, United States Europe) in Venezuela and Ecuador."
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