Panama and Israel Sign Trade Agreement

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.

Friday, May 18, 2018

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."

A statement issued by the Ministry of Commerce and Industry of Panama (MICI) reveals that " ... In terms of goods, the results of the negotiations with Israel, immediate preferential access is recognized for many traditional agricultural and agroindustrial products from Panama, such as: vinegar, coffee, palm oil, both crude and refined, frozen beef, dispossession of frozen bovine species, hamburger meat, cassava, flour and fish powder, and beer, among other things."

The document adds that " ... The MICI kept a reserve on our sensitive products in both the agricultural and industrial sectors. Likewise, Panamanian professionals were protected, safeguarding the more than 60 professions that are reserved only for Panamanians."

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More on this topic

Panama - Israel FTA Ratified

October 2019

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

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.

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 - Israel FTA Progresses

September 2019

The Panamanian Executive approved to submit to the National Assembly the Bill that approves the Free Trade Agreement between the Republic of Panama and the State of Israel.

The FTA between Panama and Israel was signed on May 17, 2018; and among the advantages and incentives offered by the canal isthmus is the unique connectivity and the strong offer of logistics services, useful for Israeli companies as a platform for expanding their presence in Latin America, informed the Ministry of Commerce and Industries (MICI).

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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