The ratification of the FTA "will strengthen trade, and at the same time will allow a greater flow of investment between El Salvador and Colombia," the Salvadoran Minister of Economy, Richard Esmahan, believes.
The electric line will run for 614 kilometers, connecting substation Panamá II in El Pedregal with Cerromatoso in Colombia. 55 kilometers of underwater cable are included, 40 of them in Panamanian territory.
Government authorities traveled to Colombia with the objective of resuming FTA negotiations.
The negotiations had been suspended back in October due to lack of consensus on issues like access to agricultural and non agricultural markets and customs procedures, among others.
"Chief negotiators, Francisco Alvarez de Soto of Panama and Santiago Pardo of Colombia, have expressed confidence that negotiations will resume with renewed perspectives and will progress on pending issues in order to finalize the agreement," reports the article in Laestrella.com.pa.
The electric interconnection company between Colombia and Panama will be located in the latter.
A reunion between the presidents of both countries concluded with a company name change from "Intercolpa" to "PanamaColombia Interconnection" (ICP), and with the agreement of locating the company's facilities in Panama.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524