Panama - China Maritime Agreement

Vessels sailing under the Panamanian flag will receive benefits in port tariffs and preferential treatment in ports in the People's Republic of China.

Thursday, November 23, 2017

From a statement issued by the Presidency of Panama:

Panama reaffirms its leadership in merchant marine matters by receiving the status of "Most Favored Nation", with which vessels under their registry will receive benefits in port tariffs and preferential treatment in ports in the People's Republic of China.

This was stated in the maritime cooperation agreement signed within the framework of the first official visit by President Juan Carlos Varela, after the establishment of diplomatic relations with China on June 13.  Both countries signed another 18 agreements related to financial, commercial, logistics and cooperation matters. 

Read full release (in Spanish).

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In the development of the twenty-fifth session of the Cabinet Logistics, held in the Yellow House of the Presidency of the Republic, the Interinstitutional Cooperation Agreement was signed by the Panama Maritime Authority (AMP) and the Panama Canal Authority Panama (ACP), for the development and implementation of a Single Maritime Counter System of the Republic of Panama, (VUMPA). 

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