Peru Interested in FTA with Panama

The Peruvian Embassy in Panama expressed interest in starting negotiations for an FTA in 2010.

Monday, April 6, 2009

Peruvian delegates expressed that a Free Trade Agreement (FTA) would be used by their country to promote the use of the Canal and Panama's geographical position. They also indicated interest in using the Colón Free Zone to re-export textile products.

A report in reflected the views of two Panamanian business unions, with a favorable opinion from the Panamanian Association of Exporters: "An FTA with Peru could be beneficial to Panamanian agro-exporters in logistic terms since many of the ships from Peru passing through the canal have space available to reach the consumer markets." On the other hand, the non-traditional agro-exporting union indicated that an FTA would put them at a disadvantage: "Peru is a strong producer of potatoes, onions and mangoes."

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Panama: Agricultural Export Sector Requires $21 Million

July 2009

This is the investment required to increase exports of melon and watermelon, said Edwin Pérez, president of the Union of Agricultural Exporters.

April recorded drops of 68.8% in melon exports and of 53.4% for watermelon, when compared to the same period of 2008, according to figures from the General Comptroller of the Republic.

Conditions Improve for Panamanian Exporters

July 2009

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

The group of countries that allow a wide variety of tariff-free Panamanian products through free trade agreements will be expanded with the ratification of the agreement with Nicaragua, creating a larger network of favorable markets. This can offset the decline in revenues caused by the global crisis.

Panama Explores FTA with Cuba

October 2008

The Ministry of Trade and Industry has announced that it intends to initiate the negotiating process before the end of this year.

Cuba holds position 27 of the main destinations for Panamanian Exports, with at least 3 million dollars, according to the figures from the Office of the Comptroller General of the Republic.

Certificates of Export Promotion in Panama

January 2013

As set out in the FTA with the U.S., Canada and the European Union, Panama has three months to remove or replace these incentives.

Authorities from the MICI, the Panama Exporters Association (APEX) and the Union of Agro export of non-traditional products (Gantrap) are preparing a proposal, which must first be approved by the Cabinet Council and later by the National Assembly.

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