Panama Finalizes SIECA Entry

Finally the geopolitical reality has been imposed and the Canal country has been formally integrated into the community of Central America nations.

Tuesday, June 25, 2013

It was "a great achievement" and one "longed for for many years by all Central American countries", this was Panama's accession to SIECA, an organ of the Central American Integration System (SICA), said Anabel Gonzalez, Costa Rican Foreign Trade Minister.

She explained that "last March the Panamanian Congress gave approval to the protocol of incorporation and today the ministers of the Council of Economic Integration (COMIECO) have signed the resolutions which make the incorporation [to SIECA] operational" .

"It's a phase that is ending yet it is a beginning, with hope in strengthening the economic integration process is not only terms of free trade or tariff reductions, but the strengthening of the competitiveness of Central America in a world which is increasingly open, "said the Minister of Development, Industry and Commerce of Nicaragua, Orlando Solorzano

For his part, the Minister of Commerce and Industry of Panama, Ricardo Quijano said Central America is now going to work "as one" on economic integration and Panama can contribute to other countries in its trade relations with South America through logistics and cost reduction. "It is a very important step. Borders are coming closer with greater integration," he said.



More on this topic

Panama Formally Joins Central America

May 2013

With the formal integration of the canal country into SIECA, what was a geopolitical contradiction has been corrected, because Panama always should have been part of Central America.

From a press release from the Central American Economic Integration Secretariat (SIECA):

Panama Soon to Join SIECA

May 2012

Panama's accession will be formalized in late June and will accelerate the elimination of tariffs and facilitate regional trade.

In Costa Rica and other Central American countries there are expectations over Panama's accession to the Central American Economic Integration Secretariat, which will be signed in Tegucigalpa on June 29, and the regional benefits it will bring.

Reasons for the Dismissal of SIECA's Director

January 2011

Having adversely affected the interests of regional bureaucracies through the process of speeding up the integration procedures could have triggered the replacement of Yolanda Mayora.

Business associations and interested groups in the economic integration of Central America are reacting against Mayora´s dismissal, who had energized the regional economic integration process.

Panama Officially Enters SIECA

May 2010

This Wednesday, at the Central American ministers meeting in Guatemala, Panama will be formally admitted into SIECA.

In order to participate in the Association Agreement with the European Union, Panama had to become a member of the Secretary for Economic Integration of Central America (SIECA).

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