Nicaragua Resumes Meat Exports to Panama

Authorities from both countries have managed to remove the obstacles to Nicaraguan meat entering Panamanian territory.

Wednesday, August 25, 2010

Nicaraguan cattle farmers argued that Panama's auction system discriminates against them and fails to reflect market conditions.

"We have been discussing ways to circumvent these procedures with Panamanian authorities since both countries are keen to widen trade between us," Orlando Solórzano, the Nicaraguan Minister for Development, Industry and Commerce, told La Prensa.

Douglas Reyes, president of Nicaragua's Center for Export and Investment (CEI), added that during the discussions significant steps were taken toward improving trade that could lead to increases in sales to Panama of around $5 million.



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Nicaragua and Panama Look to Improve Commercial Trade

August 2010

Companies from both countries have begun a week of negotiations with the aim of increasing the level of business done between them.

The meetings will be held in the Panamanian capital and are promoted by the Nicaragua-Panama Trade Association and the Center for Nicaraguan Exports and Investment.

FTA Panama - Nicaragua Comes Into Effect 23/11

November 2009

A Free Trade Agreement between Nicaragua and Panama will come into effect next Monday.

Under the agreement, 90% of the product universe will be exchanged with zero tariff between both countries.

"Quotas and gradual tariff reductions (up to ten years) have been put in place for the remaining 10%", reported Laprensa.com.ni.

FTA Panama - Nicaragua Valid From 11/23/2009

October 2009

The announcement was made by the Panamanian Government, after the ratification documents were interchanged by both states.

Now, Panama has ratified Free Trade Agreements with all Central American nations, as the last one pending was this one with Nicaragua.

The head of Panama's Commerce and Industry Minister stated in a press release: "this action consolidates a free trade platform with all the countries of Central America, identified by Panama as its main axis for regional commercial integration", reports newspaper Laprensa.com.ni.

Nicaragua Approves Free Trade Agreement with Panama

July 2009

After years of negotiations the Nicaraguan Assembly approved the Free Trade Agreement with Panama yesterday.

The negotiations were stuck due to the lack of consensus on the quota on the export of Nicaraguan meat, which was resolved when Panama authorized a quote of 2,500 tons.

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