Strategies for Boosting Exports

Taking advantage of the commercial treaties signed by the country and increasing the exportable offer is key for foreign sales from Panama to be successful in the coming years.

Friday, April 12, 2019

According to figures from the General Comptroller of the Republic, during last year Panama's foreign sales totaled $672 million, a figure 2% higher than the $660 million reported in 2017.

Although the Panamanian economy reported an increase in exports in 2018, the income is far from others reported by Central American countries, as is the case of Costa Rica and Guatemala, which last year each added about $11 billion in sales abroad.

Rosmer Jurado, president of the Panamanian Exporters Association (Apex), told Panamaamerica.com.pa that "... in FTAs 'we have to give ourselves our place as a country and encourage that if we comply with international regulations we can achieve that our products have a reciprocal treatment."

Jurado added that "... When we see what Panama exports, we see that it has a limited exportable offer, since it exports around 400 products while Costa Rica exports 2,500 products.

More on this topic

FTA with China: Concern Over End of Negotiations

August 2019

Since Cortizo took office, Panamanian exporters have been concerned about the negotiation of the agreement with China, as they believe the delays could affect the results achieved so far.

At the end of April, it was the last time that a round of negotiations between the two countries took place, when issues related to access to markets and attraction of investments, among others, were discussed.

Exporters: Two Sides of One Coin

January 2019

The increase in Costa Rican exports during 2018 was mainly due to the performance of the 187 companies in the free zone, in contrast to the almost zero growth reported by companies exporting under the traditional scheme.

Figures from the Foreign Trade Promoter of Costa Rica (Procomer) detail that last year Costa Rica's exports totaled $11.312 million, 6% more than that recorded in 2017.

Panama: Health System Modernization

October 2018

Adapt the country's sanitary norms to international standards and unify food import and export systems is part of the plan proposed by the Varela administration.

In order to take advantage of commercial agreements and increase exports to the European and North American markets, the government is working to consolidate its health systems.

Egg Exports Grow

May 2018

Figures from the Panamanian aviculturists union indicate that exports registered during 2017 exceeded those reported the previous year by 25%.

The National Association of Aviculturists details that exports of fertile eggs, mainly to countries in Central America, exceeded $5 million last year, about $1 million more than in 2016.

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