Live Cattle From Panama to Peru

The Agricultural Bank of Peru is going to open a special credit line for the purchase of live cattle in Panama to supply the Peruvian domestic market.

Monday, November 11, 2013

The Comptroller General of the Republic revealed that up until August the value of exported cattle was $1.3 million, 37.6% less compared to the $2.1 million reported in the same period in 2012.

But this could be improved if Peru's plans to purchase cattle, taking advantage of existing FTA between the two countries, become firm, Negotiations are currently underway between the "Vice Ministry of Foreign Trade and the Embassy of Peru in Panama to establish financial facilities that will enable Peruvian livestock farmers to acquire cattle with high genetic quality from Panama to improve their herds and meet the demand for beef in their country " reported Capital.com.pa.



More on this topic

Peru and Panama FTA Enters Into Force

April 2012

The trade agreement begins to take effect on May 2nd and releases 99% of Panamanian products and 95% of Peruvian products.

Guillermo Russo, Ambassador of Peru in Panama, estimates that the FTA will increase the flow of investment and exchange of products which currently stands at about $800 million.

FTA Panama - Peru in April

February 2012

A Free Trade Agreement (FTA) between Peru and Panama will be effective from April.

Carlos Posada, Deputy Minister of Foreign Trade and Tourism of Peru, made the announcement in a Peruvian newspaper. The procedure, in the hands of the Foreign Ministry, takes about a month the official said, meaning that it could be approved within the first fortnight of April.

Panama Ratifies FTA with Peru

December 2011

The National Assembly unanimously approved on the third and final debate the free trade agreement with Peru, to be implemented in 2012.

A press release from the National Assembly of Panama reads:

Trade relations between Panama and Peru are to close this year with about 600 million dollars in transactions, said the South American country's ambassador, William Russo Checa, after a visit to the National Assembly president, Hector Aparicio.

Panama and Peru finish FTA negotiations

May 2011

With the exclusion of some 20 products deemed sensitive, the negotiation of the free trade agreement (FTA) with Peru has concluded.

During the fourth round of negotiations and after long sessions of work the negotiating teams of both countries agreed on all subjects of the FTA and now have a tool that will facilitate trade between the two countries.

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