Representatives of the private sector in Panama and Chile have signed a cooperation agreement that evaluates the inclusion of new products and services in the trade agreement.
The private sector seeks to expand the scope of the first FTA signed by Panama with a South American country, exploring the possibility of adding more goods and services to those which already enjoy tariff privileges referred to in the agreement.
Martinelli and Piñera have agreed to review the free trade agreement signed in 2008, including investment protection clauses, among other topics.
The decision was announced during an official visit made by Chile's President Sebastian Piñera to Panama where he met with President Ricardo Martinelli in order to strengthen political and trade relations. "There was talk of improving the FTA, the renegotiation of certain terms and investment treaties," said Martinelli.
The Ministry of Trade and Industry has reported that in September this year there will be a trade mission to Chile and Peru.
The Minister of Trade and Industry, Roberto Henriquez, reported that from the 5 to 9 September this year there will be a Trade Mission to Chile - Peru, with the participation of 15 domestic producers of fresh fruits, vegetables, fish, shrimp, processed food, housewares, toys, footwear, cooling services, logistic services and the Colon Free Zone.
A delegation of Chilean entrepreneurs are visiting Panama to discuss several matters relating to trade and the implementation of a Free Trade Agreement, the Ministry of Commerce and Industry reported.
During the visit, business persons from both countries will participate in the First Bi-national Business Encounter "with the objective of evaluating the opportunities and benefits available to both countries within the framework of the Free Trade Agreement," the Ministry said in a press release.
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