Analysis of Possible Expansion of Panama - Dominican FTA

The aims would be to increase the list of imports and exports to 200 products, in order to boost trade between the two countries.

Friday, June 7, 2013

This was announced by Panama's ambassador in the Dominican Republic, Alberto Castillero, who added that the Dominican Government has a special interest in strengthening bilateral trade agreements with the increase in the list of products in order to increase the export of agricultural and livestock products from that country.

"The official was optimistic about the results of the round of negotiations established between the Caribbean country in Central America, saying that there are good intentions to achieve commercial dynamism", reported

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The modifications to the original trade agreement will boost by up to $40 million growth in exports from the Dominican Republic to Panama.

According to the Executive Secretary of the National Trade Negotiations Committee (CNNC), Luis Omar Fernandez this will allow the Dominican Republic, to increase by 60% its exports in the next few years, by an amount estimated at $40 million, as in 2012 they reached an estimated value of $25 million, with the most important products being steel and iron, plastics, pharmaceuticals, coffee and other industrial goods and foodstuffs.

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