Panama as a Distribution Hub for Chinese Products

The Asian country believes that the improvement in the country's logistical conditions as a result of the Canal expansion, represents an opportunity to set up a distribution platform geared towards Latin America.

Friday, December 2, 2016

"... 'Panama already serves as a bridge, or as a window for the transit of Chinese goods into Latin America, and I think with the logistics development in Panama this role will increase more and will be made more use of by Chinese enterprises'" said the permanent representative at the Office of Chinese-Panamanian Business Development, Wang Weihua, according to Laestrella.com.pa.

The official was speaking during a visit of the delegation of Chinese businessmen to the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP). This group of companies is the largest private sector representation from the Asian country to come to Panama in the last ten years.

At the same meeting, which also included the participation of local businessmen, the Panamanian Deputy Minister of Foreign Trade, Nestor Gonzalez, acknowledged that the Government of Panama is exploring the possibility of achieving closer ties with China, citing BRICS (Brazil, Russia, India, China and South Africa) as the main engine to Panama becoming a platform for the distribution of Chinese products in Latin America.

The participation of Chinese enterprises in various construction and logistics projects in Panama has gained strength in recent months. For months, Chinese companies have been increasingly involved in construction projects in the country. 



More on this topic

China's plans in Central America

October 2018

The FTA with Panama and the agreement with El Salvador, both in the negotiation stage, are part of the commercial opportunities that the Asian nation seeks to consolidate in the region in the short-term.

The third round of negotiations to conclude the trade agreement between the Central American country and the Asian nation began in Panama City.

$38 million in Trade between Panamanians and Chinese

September 2017

Coffee, wood, scrap and seafood are some of the goods negotiated by Chinese and local entrepreneurs as part of the first Asian trade mission to Panama.

In the short term, business between Chinese and Panamanians could increase in other areas, such as the agroindustrial sector, as representatives from Chinese phytosanitary control entities are expected to visit in the coming days.

Good Synergy Between Logistics and FTAs

November 2013

Panama's potential for international trade and becoming a logistics hub connects well with trade agreements signed with various nations.

Gerald Gomez, general manager of Procter & Gamble for Latin America, said that "the Free Trade Agreements (FTA's) that Panama has are very important as their main objective is to open both local and international products which means there is an exchange between one country and another."

Costa Rica Attracts Business with China

May 2013

Next September a delegation of 100 Chinese entrepreneurs will be in the country looking for business, and in November the China-Latin America Business Summit will attract about 1,000 Asian and Latin American entrepreneurs.

According to the Ambassador of Costa Rica to China, Marco Vinicio Ruiz, the delegation of 100 businessmen will come from Zhejiang, one of China's most industrialized provinces, meaning that it will open up important investment opportunities. The group will be headed by the Governor of the province, Lu Zushan.

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