FTA with China: Concern Over End of Negotiations

Since Cortizo took office, Panamanian exporters have been concerned about the negotiation of the agreement with China, as they believe the delays could affect the results achieved so far.

Thursday, August 8, 2019

At the end of April, it was the last time that a round of negotiations between the two countries took place, when issues related to access to markets and attraction of investments, among others, were discussed.

Rosmer Jurado, president of the Panamanian Association of Exporters (Apex), told Elcapitalfinanciero.com that "... if relations with China are cooled can significantly affect the export of items in which we have advanced, such as cod, pineapple and meat, which represents a great opportunity.·

Months ago it was reported that after completing all the requirements, on June 21 left the first container with 200 tons of beef bound for the Asian country.

On the other hand, Ramon Martinez, Minister of Commerce and Industry (Mici), explained that "... they will review with caution the Free Trade Agreement (FTA) with the People's Republic of China although 'we have seen that the advances are very positive for Panama; the People's Republic of China has been very interested in the country and the investments are arriving without having the FTA yet'."

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More on this topic

China Still Interested in FTA with Panama

September 2019

After the Cortizo administration announced that Panama will limit itself to signing a partial scope agreement, Chinese authorities reported that they are still interested in negotiating a high-level free trade agreement.

Although five rounds of negotiations had already taken place, in late August representatives of the Ministry of Commerce and Industries (Mici) explained that they seek to limit the scope of the trade agreement with the Asian giant to the exchange of agricultural and industrial goods, which is known as a partial scope Free Trade Agreement (FTA).

Panama - China FTA: Fifth Round of Negotiations

April 2019

The fifth round of negotiations, to be held from April 24 to 26 in Beijing, is expected to make further progress on issues related to market access and attracting investment, among others.

From the statement of the Ministry of Commerce and Industries of Panama:

Panama City, April 23, 2019. The teams from the Republic of Panama and the People's Republic of China begin tomorrow Wednesday the fifth round of negotiations for the Trade Agreement between the two countries.

Strategies for Boosting Exports

April 2019

Taking advantage of the commercial treaties signed by the country and increasing the exportable offer is key for foreign sales from Panama to be successful in the coming years.

According to figures from the General Comptroller of the Republic, during last year Panama's foreign sales totaled $672 million, a figure 2% higher than the $660 million reported in 2017.

Panama-China FTA Negotiations Moving Forward

November 2018

During the fourth round of negotiations between the two countries, rules of origin, customs procedures, market access, trade in services and others were addressed.

From the statement of the Ministry of Commerce and Industries:

The negotiating teams from Panama and the Popular Republic of China concluded today in the Panamanian capital the Fourth Round of Negotiations for a Trade Agreement with approaches in the chapters of Rules of Origin, Customs Procedures, Market Access, Trade in Services and others.

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