Panama to Enter Agreement with EU

The European Union would allow Panama to enter into the Agreement by lifting the prerequisite that it should be part of SIECA.

Monday, May 18, 2009

Panama has been an observer thus far in the negotiation for an Association Agreement between Central America and the European Union because the country had not fulfilled the European Union’s prerequisite of signing the protocol for the "economic integration with Central America, i.e. the Central American Economic Integration Secretariat (SIEC)."

According to Prensa.com, "European authorities have given indications of accepting Panama without the country having signed the SIEC, according to talks that have been conducted on the subject."



More on this topic

Panama May be Out of Agreement with Europe

May 2012

The entry into force of the Central American Trade Agreement with the European Union draws near and Panama has not yet formally integrated into the region.

The Treaty of the Central American-European Union Association will be stamped with the final flourish at the end of June, and the commercial part very will enter into force very soon after being signed, eliminating tariffs on 99% of bilateral trade products.

Dairy Industry Fears Rushed EU Agreement

May 2010

Tomorrow, Central America and the European Union will continue negotiating the Association Agreement; dairy products will be the main item in the agenda.

Within the commercial chapter of the agreement, the most complicated topic has been how much European agricultural production may enter Central America, especially dairy goods.

Panama Enters EU Negotiation

March 2010

The European Union formally accepted the inclusion of Panama in the negotiations for an Association Agreement with Central America.

This way, EU recognizes Panama as part of the Central American block, despite the fact that it is not a member of the Central American Economic Integration Secretary (SIECA).

Panama Proposes Negotiation with EU

October 2009

In the proposal, dubbed "Five plus one", the country commits to making the necessary changes without economic integration with the region.

One of the changes would be the adoption of a unified tariff code with Central America.

"This proposal seems to have changed, at least partially, the posture of the European Union, who had initially conditioned Panama's participation in the Agreement to the country joining Sieca (Central American Integration System)", reported prensa.com.

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