Trade Between Panama and Costa Rica Grows

Exports from Panama to Costa Rica increased by 36.1% during the first half of 2008 when compared with the previous year.

Tuesday, April 14, 2009

The entry into force of the Free Trade Agreement between Costa Rica and Panama in January 2009 cleared 90.3% of the tariffs on bilateral trade, according to Leroy Sheffer, director of Negotiations of the Ministry of Commerce and Industry of Panama, in an article in Pa-digital.com.

For Costa Rica, the markets of interest in Panama, according to the article, are "dairy, sector services focused on the construction area, tourism and agribusiness."

For its part, Panama will aim at “sectors such as agribusiness and financial, insurance and telecommunications services."



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The FTA with Costa Rica As Seen by Colombians

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Preferential access to Costa Rica for Colombian products and services becomes relevant when we take into account that in the Central American country purchasing power is 20% higher than in Colombia.

According to an article in Dinero.com, in the view of the Ministry of Commerce of Colombia the trade agreement with Costa Rica involves reducing and eliminating tariffs and non-tariff barriers on Colombian exports to major markets in Central America, along with clear and stable rules for investors in Costa Rica.

Panama – Chile Trade Increases

March 2009

A year after the Free Trade Agreement between the two countries took effect, commercial trade increased by 40%.

Roberto Gonzalez wrote in an article in Prensa.com: "The Ministry of Trade and Industry revealed that Panama is organizing a meeting to promote Panamanian goods and services in Chile. Panama is the number two destination for Chilean exports in Central America and the Caribbean."

Third round of Free Trade talks between Canada and Panama concludes

January 2009

Important progress was made in negotiations for goods and access of service providers and investors of both countries.

According to laestrella.com.pa: Panama's chief negotiator, Leroy Sheffer said they covered topics that defined the origins of products such as whole grain and instant coffee, oils, fuels, and processed tomatoes to meet industry standard.

Panama and Canada in preliminary free-trade talks

May 2008

Panama and Canada are to hold a second round of exploratory talks with a view to signing a free trade agreement, the Panamanian negotiator Leroy Sheffer said.

A group of 10 Canadian legislators are holding preliminary meetings in Panama this week following an early get-together with their Panamanian counterparts in Ottawa.

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