Beginning in August, an access committee will be opened to Cuba in order to expand trade relations between the two countries.
The access to Cuba committee will be initially composed of by government representatives from Guatemala and Cuba. According to the Prensalibre.com, the Guatemalan vice-minister of foreign trade, David Cristiani, said: “The idea is to expand the list of products ready to be commercially traded within the partial agreement with Cuba.”
On Tuesday, Panama and Cuba started the first round of negotiation for partial trade agreements between the two nations.
Vice minister of Foreign Trade, Severo Sousa said that "the idea of entering into partial agreements is based on the interest of pushing for the export of a limited number of goods in which the trading partner is interested in."
The second round of the negotiations for the signing of Partial Scope Agreement ended with important developments.
Lestrella.com.pa reports: "The agreement includes significant progress regarding market access, regulations for commercial services, customs procedures and rules of origin, a chapter on trade cooperation, etc.
Regarding market access, Panama managed to get 100% preference for products such as pork, paper and corrugated carton boxes, processed chicken and derivatives, beef remains, flowers, toilet paper, vertical freezers, ..."
COHEP Vice President, Oscar Galeano, said in statements to La Trubuna that "Cuba has characteristics somewhat different from ours, but there is always the chance to explore them and determine the potential degree of consumer purchasing power and competitive advantages."
Trade authorities are asking businessmen from several economic sectors for a list of products that could be negotiated in a trade agreement with Cuba.
After putting together a list of interested companies and their list of trade goods they want on the table, Panama's trade negotiators will evaluate the proposals and present them to Cuban authorities.
Palm oil, butter and other basic products would be able to enter free from tax on entry into into the Cuban market.
Capital.com.pa reports that "...Panama also achieved a reduction of 80% and30% for other commodities such as doors, windows and their frames and thresholds, cotton shirts and synthetic fiber, toilet paper and metal packaging. "
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...
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