With the aim of favoring mainly agricultural products, the Morales administration has announced that it will propose to the Israeli government starting negotiations for a free trade agreement.
In the coming days a Guatemalan government delegation will be visiting Israel, a trip which could be leveraged for representatives of the Ministry of Economy to raise the possibility of signing a trade agreement between the two countries.
A meeting is being convened for the textile and clothing industry on March 16 in El Salvador, where the overall situation in the sector will be discussed.
From a statement issued by Proesa:
El Salvador is preparing for the third edition of the Forum of Textiles and Apparel (FOROTEX) 2016, a space where high-level international speakers present trends and strategies for competing in international markets.
The trade fair in Panama starts with 120 buyers in Central America and the Caribbean in the Atlapa Convention Center.
In 2015, Expocomer managed transactions totalling $124 million and for the 2016 edition the organizers expect a similar or higher figure, as it has now sold out, according to statements made to Anpanama.com by Raul Delvalle, President of the Organizing Committee of Expocomer 2016.
Invitations have been extended to food and beverage companies, handicrafts, textiles, pharmaceuticals and services to participate in the first "Korea Trade" fair, from 21st to 26th of June 2016 in Seoul.
From a statement issued by Agexport:
Agexoport, the Inter-American Development Bank and the Guatemalan Korean Chamber of Commerce and member of the Export Council of Asia, are calling for Guatemalan companies to participate in the first trade mission "Korea Trade" from 21st to 26th of June 2016 in Seoul, South Korea.
A delegation from the state of Missouri will be in the country from March 2nd to 5th March seeking trade and investment opportunities.
From the article by Misssourinet.com: "A delegation of Missouri officials is leaving tomorrow for a trade mission to Panama. Governor Jay Nixon is leading the group that will focus on growing exports and attracting additional foreign investment in Missouri."
The opening of the Turkish Embassy in Costa Rica and the setting up of a commercial office in Ankara in Turkey will help boost trade between the two economies.
The Turkish government's interest in this region has been confirmed with the announcement by Turkish Airlines of flights between Panama and Turkey which will start on May 4th. There will be three weekly frequencies which will stop in Bogota.
The new business entity seeks to convene 100 companies in two years, and foster business development, trade and investment between Panama and the European country.
The Franco - Panamanian Chamber of Commerce (CCFP) is a non profit organization that seeks to bring together the business sector of both countries to promote business development, trade and investment.
An agreement between the countries would enable the participation of UAE companies in tenders in energy and maritime matters proposed by this administration.
From a statement issued by the Foreign Ministry of Panama:
A new stage in relations between the Republic of Panama and the United Arab Emirates began on Thursday with the establishment of a Joint Committee on Cooperation, signed by Vice Chancellor and Isabel de Saint Malo de Alvarado and Sheikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister on his official visit to Panama.
There is an imperative need for Guatemala to table a clear strategic relationship with China, not only in terms of trade, but also fundamentally at the political level.
From the Publication entitled "Economic Policy, Trade and Investment by Guatemala in the PRC: strategy in the short, medium and long term" by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC):
Analysis of the impact of the Trans-Pacific Partnership on the region.
The competition which sectors such as textiles could face is one of the elements raising questions among employers in the region, compared to the real benefits that could be accrued if Central America participates in the Strategic Economic Trans Pacific Partnership (TPP).
The presence of direct competitors, such as countries like Vietnam, in the textile sector, and the possibility of losing dominance in the American market due to trade rules that TPP countries must meet, is unsettling the productive sectors in the region and forcing a reckoning of the pros and cons of a possible entry to the block to be undertaken.
More than 500 companies from 30 countries are taking part in the most important international trade show in the region.
From a press Release by Expocomer:
"With the collaboration of more than 500 companies from over 30 countries from North, South and Central America, the Caribbean, Europe and Asia, the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) today opened Expocomer 2014, the thirty-second version of the most important trade show in Panama and the region.
Governments are to certify a poultry plant in each country in order to formalize the process of exporting and importing, in an attempt to stabilize prices.
In order to solve the problem between merchants and egg producers in Nicaragua and Honduras, the respective governments have agreed to certify for importing and exporting one poultry plant in each country, with all the necessary requirements and in this way achieve price stability.
The announced opening of a sales office in China is being urged by the business sector, which believes that the current policy to the second largest economy in the world is unsustainable.
Carlos Gonzalez, an analyst at the Association for Research and Social Studies (ASIES) believes that there is a delay on the part of Guatemala in trade between the two nations, because China has invaded the national market and it is necessary to have a presence in that large country.
Two companies will install production plants, one for solar panels and one for cardboard boxes.
The trade agreement signed in 2008 has boosted Taiwanese investments in Nicaragua and created closer diplomatic and commercial ties between both nations.
So far, Taiwan has invested more than $135 million in the Central American country, particularly in the free zones.