More Trade Projected between Panama and Chile

The Chilean and Panamanian governments have agreed to promote a cruise route between both countries and decided that Chile will be the first Latin American ally of the Logistics Hub of Panama.

Wednesday, July 11, 2018

The president of Panama, Juan Carlos Varela, and his Chilean counterpart, Sebastián Piñera, agreed to jointly promote the Pacific-South cruise route, which will go from Panama to Valparaíso and vice versa, aimed at increasing the number of tourists visiting both nations, informed the Panamanian Ministry of Foreign Affairs.

According to the statement, it was agreed that Chile will be the first Latin American ally of the Logistics Hub of Panama, an initiative that will allow the South American nation to benefit from the logistics platform for the redistribution of Chilean food for export, adding value to Panamanian agro-industrial products, thereby diversifying its global export supply.

"... Panama and Chile also signed an agreement for the prevention, investigation and fight against infractions in customs legislation to safeguard the security of the supply chain of international trade.  They also committed to expanding their commercial relationship and strengthening their bilateral strategic alliance based on the connectivity that our country provides to Chile as the main user of Latin America of the Panama Canal and the third globally."

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Panama to Open a Commercial Office in the Netherlands

January 2018

The Varela administration has ordered the opening of an agro-logistics office, which will seek to increase exports to Europe.

A statement issued by the Presidency of Panama explains that " ... President Varela has ordered the opening of the first office on agro-logistics, which from the Embassy in the Netherlands, will seek to expand Panamanian exports to Europe." 

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Entrepreneurs from the agribusiness, maritime and commercial sectors will be visiting Panama City from July 24 to explore business opportunities and public-private partnerships.

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A group of industrial companies in the South American country plan to visit the country in late April to explore business opportunities with Nicaraguan businessmen.

The Chilean delegation is composed of representatives from the public and private sectors related to the industrial and recycling area, in order to find out about market and investment opportunities in Nicaragua.

Scope of Panama-Chile FTA Expanded

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Martinelli and Piñera have agreed to review the free trade agreement signed in 2008, including investment protection clauses, among other topics.

The decision was announced during an official visit made by Chile's President Sebastian Piñera ​​to Panama where he met with President Ricardo Martinelli in order to strengthen political and trade relations.

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