The Foreign Ministers of Panama and Mexico agreed to restart conversations geared towards fiscal agreements that will allow for the resumption of the FTA negotiations.
"There was an understanding that the technical teams will have to meet regarding the new proposals that the (Mexican) secretary of Finance has sent to Panama," said the Mexican Minister to Notimex, after a bilateral meeting with Lewis Navarro.
Works on the Central American Electricity Interconnection System (SIEPAC in Spanish) are reported to be 95% complete, and are expected to be operational in March 2012.
At a cost of $490 million, the interconnection line extends from Guatemala to Panamá, with capacity to transport between 200 and 300 megawatts of electricity.
Teófilo De La Torre, president of the company that owns the network (EPR), stated that "the project will reduce the cost of electricity in the region due to the ability to make sales to other countries, including outside of the region, because Central America became connected with Mexico last year”, reported Notimex.
The Panamanian National Biosafety Committee has endorsed the supervised cultivation of transgenic maize in the provinces of Los Santos and Herrera.
A statement from Notimex reads:
Panamanian producers will start next year, commercial cultivation of GM maize, after two years of studies to identify a disease-resistant variety with higher yields, authorities said on Monday.
With an increase of 16% annually over the past five years, trade between the countries of Central America is the real force behind regional integration.
Despite the comings and goings with which governments have handled the process of integration, intra-regional trade continually progresses. In recent years, the numbers in the exchange of goods and services between the countries of the region have doubled, surpassing $6.3 billion per year.
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.