Panama - Nicaragua FTA signed

The presidents of Nicaragua and Panama signed the FTA protocol which will cover at least 90% of the products from their countries.

Friday, January 16, 2009 reports: "Nicaragua finally got Panama to allow a small amount of Nicaraguan beef into its market, removing the main obstacle that was hindering the negotiation of the the FTA.

The treaty will come into effect once parliament in both countries approve it and after both countries exchange the approved instruments.

More on this topic

Nicaragua Resumes Meat Exports to Panama

August 2010

Authorities from both countries have managed to remove the obstacles to Nicaraguan meat entering Panamanian territory.

Nicaraguan cattle farmers argued that Panama's auction system discriminates against them and fails to reflect market conditions.

"We have been discussing ways to circumvent these procedures with Panamanian authorities since both countries are keen to widen trade between us," Orlando Solórzano, the Nicaraguan Minister for Development, Industry and Commerce, told La Prensa.

Nicaragua and Panama Look to Improve Commercial Trade

August 2010

Companies from both countries have begun a week of negotiations with the aim of increasing the level of business done between them.

The meetings will be held in the Panamanian capital and are promoted by the Nicaragua-Panama Trade Association and the Center for Nicaraguan Exports and Investment.

FTA Panama - Nicaragua Comes Into Effect 23/11

November 2009

A Free Trade Agreement between Nicaragua and Panama will come into effect next Monday.

Under the agreement, 90% of the product universe will be exchanged with zero tariff between both countries.

"Quotas and gradual tariff reductions (up to ten years) have been put in place for the remaining 10%", reported

FTA between Panama and Nicaragua for 2009

December 2008

After six years of negotiations, Nicaragua and Panama will signed the FTA treat next January

The accord contemplates an export quota for Nicaraguan beef (1,500 metric tones) with a grow rate of seven percent and the removal of tariffs for a 10 year term.

Coffee, arts and crafts, milk, butter, yogurt, fresh fruits and vegetables will have have an immediate zero tarriffs for these products

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