During this second round of talks the 14 chapters comprising the treaty will be discussed.
Francisco Alvarez De Soto, vice minister of International Trade Negotiations of Panama, told the press that given progress achieved during the first round, they expect to end discussion of important content this week and start the analysis of Annexes.
On November 12th, in the Peruvian capital, the parties concluded the first round of negotiations for an FTA between Peru and the region.
At this first meeting, considered a success, progress was made on items like "Market Access for Goods, Rules of Origin, Customs Procedures and Customs Cooperation Sanitary and Health Measures, Technical Barriers for Trade, Commercial Defense, Competition Policy, Services, Investment, Intellectual Property, Public Purchases, Corporate Affairs and Conflict Resolution," reported Laestrella.com.pa.
The Panamanian Government considered conditions do not allow an agreement at this time.
During the fifth round of trade negotiations the Vice Minister of Commercial Negotiations of Panama, Francisco Alvarez de Soto, said that "The Government made the decision to communicate to our colleagues in Colombia that we consider appropriate and relevant at the moment, to suspend the process."
From today until 17 September public procurement, rules and procedures of origin, customs administration and trade promotion will form the basis of discussions.
The negotiations will take place in the Colombian capital, Bogota, and will also cover intellectual property, financial services, health and telecommunications.
"The Panamanian government has stated that it reviewed 60 points of view from various local businesses and held 50 consultation meetings in order to avoid impacting the private sector during the free trade agreement discussions with Colombia," reports Panamá América.
The next round of negotiations for the Free Trade Agreement (FTA) between both nations is scheduled for 13 September in Bogota.
The subjects pending for the fourth round are: "rules of origin, institutional issues, administration and facilitation of trade, financial services, public and plant health measures, trade and market access, intellectual property, investment and public procurement," reports Elsalvador.com.
Israeli authorities announced their intention of discussing and negotiating a potential Free Trade Agreement with Panama.
Among the plans to bring the two countries closer together, Israel will participate in international trade fair Expocomer 2010, explained Rafael Harpaz, Israel's Economic Matters director for Latin America.