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 Officially Enters SIECA

May 2010

This Wednesday, at the Central American ministers meeting in Guatemala, Panama will be formally admitted into SIECA.

In order to participate in the Association Agreement with the European Union, Panama had to become a member of the Secretary for Economic Integration of Central America (SIECA).

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.

Panama Wants to Be Part of EU Agreement

August 2009

It requested Central America's support to convince the EU of admitting its inclusion even though it doesn't belong to SIECA.

The European Union has insisted that an Association Agreement must be negotiated with the entire region. They consider membership in the Central American Economic Integration Secretary (SIECA) as an indispensable requisite to consider a country as a participant of the Agreement.

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