From July 23, 12 Russian businessmen will hold meetings with
Panamanian entrepreneurs in real estate, metals, painting materials and other sectors.
"Panama's location serves as a starting point to reach South, North and Central American countries", said Dimitri Rausch, Allianz IG Investment Group CEO, who coordinated the visit.
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Several aquaculture and industrial companies from Chile are visiting Panamanian businessmen in order to explore commercial opportunities.
The objective of this visit is to foster the exchange of products, technology and infrastructure.
Visitors are taking part of the "Chile - Panama Industrial Encounter 2009", and they "will meet with directors from the Panamanian Water Resources Authority", reports Pa-digital.com.pa.
This year the FTA with Chile is expected to be signed, and progress achieved in the negotiations with Ecuador.
Orlando Solórzano, the Nicaraguan Minister for Development, Industry and Commerce, stated that the agreements are part of the country's strategy to find new markets.
The Brazilian ambassador in Nicaragua stated his country's interest in increasing trade with Nicaragua.
Ambassador Flavio Helmond Macieira wants to increase Nicaraguan exports to Brazil, which summed $62 million in 2008.
"In order to promote this topic, the Brazilian Embassy organized a seminar in which they discussed the importance of increasing Nicaraguan exports to Brazil, as a way of balancing out the commercial relationship between both countries", reported Elnuevodiario.com.ni.
Nicaraguan businesses are looking to open new markets in South America.
In a bid to build even closer ties with countries with Ecuador, Peru and Chile, a group of company representatives is to visit these countries in May.
Nicaragua already exports to these nations and is seeking to increase trade with them on the back of increasing demand in their markets.