Prawns, cheese, honey, vegetables, peanut oil, peanuts, raw sugar and fruits are some of the products that people want to have duty free status under the FTA.
In the framework of bilateral negotiations for free trade between the two countries, Nicaraguan businessmen pointed out that there are several products that are in the list for staged tax relief, such as shrimp, cheese, honey, vegetables, peanut oil, peanuts, sugar raw and fruits, but they are looking for a"better tariff treatment"for others that are pending negotiations.
"Everything we do in a company to meet the goals of our strategic plan depends directly or indirectly on negotiation processes."
A proposal by Gabriel's Vallone, professor at IEEM, the Business School at the University of Montevideo, suggests that individual negotiating power should be extended in an integral - and in a manner bespoke to for each company- model covering all business prospects and interests of all of the parties involved, both external and internal ones.
Employers of the Colon Free Zone disagree with the audit carried out by the management, which using a new methodology determined that the debt is $41 million and not $530 million.
Surse Pierpoint, Manager of the Colon Free Zone, said the audit was carried out because"... there was a lot of skepticism from Venezuela over the figure", reported Prensa.com. However, Panamanian businessmen of the Association of Users of the CFZ, doubt this new figure, claiming that it "does not represent the real debt".
Negotiations have been finalised on the environmental chapter and progress made on Trade Facilitation and the texts of the chapters on sanitary measures, technical barriers and government procurement.
From a statement issued by the Ministry of Economy of Guatemala:
Guatemala, May 30, 2016. From 23 to 27 May, the Guatemalan delegation of negotiators met with their Central American and Korean counterparts to advance negotiations of a Free Trade Agreement between Central America and South Korea.
Amid the Panama Papers crisis, the Panamanian and Colombian governments have resumed talks to reach an agreement on the exchange of tax information.
From a statement issued by the Ministry of Foreign Affairs in Panama:
The Republic of Panama resumed (on Wednesday 13 April) in Bogota, negotiations with the Republic of Colombia for Cooperation between Administrative Authorities on money laundering and other issues, and for an agreement to avoid double taxation.
Trade authorities in both countries have announced that before the end of the first half of this year the trade agreement that has been under negotiation since 2013 could be signed.
This is the third round of negotiations to finalize a Partial Scope and Economic Complementarity agreement between El Salvador and the Republic of Ecuador.
Among the products with the highest export interest from El Salvador are articles of clothing, plastics, candies, chocolates, juices and nectars, and sugar, among other things. Meanwhile, among Ecuador's interests are white goods, ceramics, cocoa preparations, wood, flowers, and bananas, among other things.
In the third round issues such as market access, trade defense, institutional arrangements, dispute settlement, sanitary and phytosanitary measures were discussed.
From a statement issued by the Ministry of Foreign Trade of Costa Rica:
San Jose, March 02, 2016.- The third round of negotiations for a Free Trade Agreement between Central America and South Korea was held from 22nd to 26th of February in San Francisco, in the United States.
Central American governments have now signed the General Framework agreement with China so that negotiations can start in October.
From a statement issued by the Ministry of Foreign Trade in Guatemala:
Guatemala, July 31, 2015. Central America is prepared to negotiate as a bloc, a Free Trade Agreement with South Korea. Therefore, the deputy ministers in charge of foreign trade and trade negotiations in the region met yesterday in San Salvador, and agreed to and signed the General Framework for this negotiation.
Progress was made on issues of market access, services, customs administration and trade facilitation, intellectual property, investment, rules of origin, trade remedies and cooperation.
On the issue of rules of origin, the Deputy Minister of Trade Negotiations in Panama told EFE that "... we were able to review the 17 items that were pending and practically agreed on nine others which have been left for the next meeting."
The government has filed a request for entry as an observer to CARICOM and has proposed to the Caribbean block the start of negotiations for a free trade agreement.
The negotiation of a trade agreement with the bloc would increase the exchange of agricultural and manufactured goods, and improve the position of Panama as a logistics hub and tourist destination among the Caribbean countries.
The private sector has asked the government to seek consensus on the issue among the productive sectors, in the context of a slowing economy.
Unlike the last adjustment that was made in December 2013, this year the negotiations will take place in a different economic and political context, where elements such as mild slowdown in economic activity and differences between the private sector and the Varela administration will put to the test the negotiation process.
Several years after conversations began, Central America and South Korea finally started the formal negotiations for a free trade agreement.
From a statement issued by the Government of Guatemala:
In Houston, Texas, the Minister of Economy of Guatemala, Sergio de la Torre, and his Central American counterparts in charge of foreign trade, met with Korean Minister of Commerce, Industry and Energy Yoon Sang-Jick, to start negotiating the Free Trade Agreement between the Republic of Korea and the Central American republics.
The government of Daniel Ortega has announced that it expects to begin negotiating a free trade agreement with the South American country.
Peru is moving closer to Nicaragua , and has agreed to initiate a process of strengthening trade, as a first step towards signing a Free Trade Agreement.
As stated ion Elnuevodiario.com.ni Daniel Ortega has affirmed that "...
Due to non payment of interest on an issue of corporate bonds to investors the Panama Stock Exchange is suspending trading of three bond issues by the Panamanian company RG Hotels.
On June 12, the securities issuing company reported in a statement that it is thoroughly analyzing its financial situation, and announced they will not pay interest to investors who bought corporate bonds.
Through the SICA countries in the region are assessing the possibility of negotiating a free trade agreement with the Asian nation.
The announcement was made by Guatemalan President Otto Perez Molina, during the II Business Forum between the region and Japan, which included the participation of companies and government representatives from both countries.