Panama Explores FTA with Cuba

The Ministry of Trade and Industry has announced that it intends to initiate the negotiating process before the end of this year.

Tuesday, October 7, 2008

Cuba holds position 27 of the main destinations for Panamanian Exports, with at least 3 million dollars, according to the figures from the Office of the Comptroller General of the Republic.

The President of the Panamanian Association of Exporters (Apex), Máximo Gallardo, described a future agreement with Cuba as being convenient for the country, even more so when looking to expand the markets.

For the Panamanian Exporters, the island is an interesting market where there is a lot of demand for industrial agricultural products, “Even though it doesn’t appear that way, right now Cuba needs to import a lot of food, after recently experiencing several hurricanes. This is an opportunity that we must take advantage of,” said Gallardo.

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More on this topic

Expansion of Panama - Cuba Trade Agreement

August 2015

A bill by the Executive Branch intends to extend the conditions of the Partial Agreement in force since 2009.

From a statement issued by the National Assembly of Panama:

The Minister of Trade and Industry, Meliton Arrocha, presented to the plenary of the National Assembly two bills.

Panama and Cuba Extend Reach of Commercial Agreement

November 2014

With the modifications negotiated for Partial Scope Agreement Panama will obtain new preferences for 73 tariff lines and improvements in 31 lines, related to agricultural and industrial products.

From a statement issued by the Ministry of Commerce and Industry of Panama (ICIM):

Panama - Cuba Trade Agreement Comes into Effect

October 2009

Pork and Sea products are some of the products that Panama will export to Cuba tariff-free.

The announcement was made by the Commerce and Industries Ministry of Panama (MICI).

Local newspaper lists some other products included in the agreement: "sausages, toilet paper, paper boxes, cartons, juice ,..., freezers, trucks, roof profiles and notebooks".

Panama and Cuba begin FTA negotiations

October 2008

On Tuesday, Panama and Cuba started the first round of negotiation for partial trade agreements between the two nations.

Vice minister of Foreign Trade, Severo Sousa said that "the idea of entering into partial agreements is based on the interest of pushing for the export of a limited number of goods in which the trading partner is interested in."

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