Panama - Israel FTA Ratified

The National Assembly of Panama approved in third debate the Free Trade Agreement between both countries, signed in May 2018.

Friday, October 11, 2019

Some of the results that will be achieved with the entry into force of this agreement include immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole, albacore, cod, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles.

See "Panama - Israel FTA Progresses"

From the National Assembly statement:

In the third debate, the members of the National Assembly ratified the Free Trade Agreement (FTA) between the Republic of Panama and the State of Israel, the latter a country with great innovative and technological development.
 
In the opinion of the Minister of Commerce and Industries, Ramon Martinez, the trade agreement offers the Panamanian producer a tariff offer and to take advantage through training the high technology that is developed in that Israeli state.
 
In terms of goods, the results of the negotiations with Israel recognize immediate preferential access for many traditional agricultural and agro-industrial products of Panama such as: vinegar, coffee, palm oil, both crude and refined, frozen beef, frozen bovine offal, hamburger meat, cassava, fish flour and powder, beer, among others.
 
By mutual agreement, both Panama and Israel maintain their reserves in sensitive products of the agricultural, fishing and industrial sectors with tax deductions of up to 15 years and even exclusions in the most sensitive items.



More on this topic

Panama-Israel FTA in Force

November 2019

On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector.

With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar.

FTA Panama - Israel Approved in First Debate

October 2019

The National Assembly approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, signed in May 2018.

The Foreign Affairs Committee approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, informed the National Assembly last October 2.

Panama and Israel Sign Trade Agreement

May 2018

Through the treaty the Israeli market will have preferential access to Panamanian products such as vinegar, coffee, palm oil, beef, cassava, flour and beer, among other things.

The Panamanian government reported that "... In the framework of a meeting between the president of Panama, Juan Carlos Varela and the Prime Minister of Israel, Benjamin Netanyahu, a Free Trade Agreement and a Memorandum of Understanding on agricultural matters was signed."

Israel-Panama FTA Talks Completed

November 2015

The basis for the agreement have been established, with Panama having achieved immediate preferential access for various agricultural and fisheries products, and access through quotas for beef, pineapple, papaya and tropical fruits.

After four rounds of negotiations between teams from each government, a basic document was created setting out the conditions of entry of products and services to each market.

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