Panama: Opportunity to Export to the Dominican Republic

A call is being made for presentation of applications, up until July 14, for the export of new products to the Caribbean country within the framework of a renegotiation of the partial scope agreement.

Wednesday, June 7, 2017

The Ministry of Commerce and Industries (MICI) has opened a period for submission of applications from all sectors interested in exporting to the Dominican Republic, fulfilling the process of expanding the lists of the Partial Scope Trade Treaty that is in effect with the Caribbean country.

Laestrella.com.pa reports that "...The head of the MICI, Augusto Arosemena, said that he hoped that expanding the list of goods would increase trade opportunities through improvements in tariff preferences and the inclusion of new products, all to the economic benefits of both countries."

"... Arosemena stressed that the objective of initiating this negotiation process is to seek new market opportunities that will strengthen the commercial and economic ties between the two countries, through the extension of the Agreement lists.  For this reason, the issues that are expected to be discussed are market access and rules of origin."

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China Still Interested in FTA with Panama

September 2019

After the Cortizo administration announced that Panama will limit itself to signing a partial scope agreement, Chinese authorities reported that they are still interested in negotiating a high-level free trade agreement.

Although five rounds of negotiations had already taken place, in late August representatives of the Ministry of Commerce and Industries (Mici) explained that they seek to limit the scope of the trade agreement with the Asian giant to the exchange of agricultural and industrial goods, which is known as a partial scope Free Trade Agreement (FTA).

Panama - Dominican Republic: New Business Opportunities

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The partial scope agreement will be renegotiated in order to improve the preferences of the goods already contemplated in the document, and incorporate others such as agricultural, sea and industrial products.

The current Partial Scope Agreement between the Dominican Republic and Panama, in force since 1987, has a limited coverage of just under 200 products.  The governments of Panama and the Dominican Republic said that the expansion of products under the agreement will allow us to explore new opportunities for agricultural products, agro-processed products, seafood and industrial products while maintaining our protection of sensitive products. 

Nicaragua - Ecuador Trade Agreement

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The partial scope agreement establishes that sales will not be made using quotas, but based on a list of goods approved by both countries.

The Nicaraguan business sector expects to capitalize on the marketing of products such as rum, cigars, motorcycles assembled in Nicaragua, timber and manufactured goods, and beans, among other things.

Panama and Cuba Expand Trade Relations

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Panama and Cuba have signed a Framework of Understanding for the Extension of the Partial Scope Agreement between both countries.

A press release from the Panamanian Ministry of Commerce and Industry reads:

The Minister of Commerce and Industry from Panama, Ricardo Quijano signed with the Minister of Foreign Trade and Foreign Investment in Cuba, Rodrigo Malmierca, a Framework of Understanding for the Extension of the Partial Scope Agreement between both countries.