Flowers, white goods, ceramics, leather products and cocoa products are among the list of 207 Ecuadorian products that will enter El Salvador with tariff preferences.
The agreement creates tariff preferences for 207 subheadings, which represent 92% of exports to El Salvador. They will enter without paying any fees.This translates into thegrowth of 20% of Ecuador's exports.
During the trade fair held in Panama City $135 million was transacted between exhibitors and buyers and 11 thousand business contacts were generated.
(Panama, March 27, 2017).The thirty-fifth version of EXPOCOMER 2017, the most important fair in the region, culminated in commercial transactions between exhibitors and buyers in the order of 135 million and an economic impact of $42 million, according to preliminary figures released by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP).
Trade missions in America, Asia, Europe and the Caribbean will be meeting in Panama, in the traditional annual event where companies will have an opportunity to generate new business.
Expocomer 2017 will include the participation of entrepreneurs from Argentina, Brazil, Canada, the Caribbean and Africa, Colombia, Costa Rica, Korea, Cuba, Chile, China, Ecuador, El Salvador, Spain, the United States, Guatemala, India, Mexico, Panama, Peru, Puerto Rico, Taiwan, Turkey and Venezuela; and for the first time, Canada and Nigeria.
The union of exporters in El Salvador has identified and described the most appropriate distribution channels and opportunities for products such as fruits and processed vegetables, pickles, beverages and snacks.
The trade fair in Panama starts with 120 buyers in Central America and the Caribbean in the Atlapa Convention Center.
In 2015, Expocomer managed transactions totalling $124 million and for the 2016 edition the organizers expect a similar or higher figure, as it has now sold out, according to statements made to Anpanama.com by Raul Delvalle, President of the Organizing Committee of Expocomer 2016.
If Central America does not add more value-through diversification and industrialization to its currently limited supply of agricultural products it will be difficult for it to capitalize on the growth of these markets.
A study by the Association for Research and Social Studies analyzes Central American trade relations with India and China, and concludes that it is necessary to achieve a higher level of industrialization and diversification of the export supply in order to capitalize on the growing markets of these two countries.
One in four Americans use "encapsulated" or individually portioned coffee machines , changing consumer trends related to the drink in the country.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (Costa Rica):
Machines for preparing individual portions of coffee made popular by Keurig Green Mountain Inc. are currently being used by one in four Americans and are changing coffee consumption patterns.
South Korea is an increasingly attractive trade partner for countries in the region, because of increased Korean investments in Latin America, and the high purchasing power of its inhabitants.
In recent years, the economic awakening of China has generated a lot of interest in the region and in the world and overshadowed, in a way, opportunities and the business potential that the stable and thriving South Korean economy has.
The traditional event, in its thirty-third version, will include the speaker José Ugaz, a renowned fighter against corruption.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) has ensured the success of the thirty-third version (XXXIII) of Expocomer and at the same time announced that the inauguration of the most important trade show in Latin America, will have as its keynote speaker Jose Carlos Ugaz, a Peruvian lawyer fighting corruption and promoting transparency in Latin America and in the rest of the world. In addition, the President of the Republic, Juan Carlos Varela will also be attending.
It has been reported that in 2014 the South American country imported $110 million in animal feed, 9% more than in 2013.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (PROCOMER):
According to a study by the research firm Colombia B & Optimos, 37% of the 1,500 respondents in different cities, said they had a pet. Of these, 70% said they have dogs, while 13% said they have cats.
It is increasingly common to find in major Chinese cities imported food stores and supermarkets with wide ranges of products like chocolates, cheeses and beers.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (PROCOMER):
The transition China has experienced has allowed imports to go from being expensive and difficult to being readily available.
On November 4th Salvadoran businesses from the food, textile and services sectors will be visiting Guatemala City to explore business opportunities.
The Chamber of Commerce of Guatemala and the Agency for Promotion of Exports and Investments of El Salvador (Proesa) have organized this business fair in order to support companies in their drive for internationalization.
An announcement has been made that services and office staff will be expanded in Panama City and from there the Dutch will strengthen their business with other countries in Central America.
After a meeting of the Dutch ambassador and Panamanian officials, it was announced that the office operating in the country will be expanded to extend activities throughout Central and increase financial and trade relations with Panama.
The participation of countries such as India and Turkey at the trade fair taking place from 26th to 29th of March reflects the interest in the region that exists globally.
Organizers of the Panamanian trade fair Expocomer explained to Mexican businessmen that the event is becoming increasingly global, confirming the interest in the region aroused from businesses around the globe.
In January, the island will open a Special Development Zone, where both foreign and Cuban companies will enjoy tax and service benefits.
With an investment of $900 million, the new area will be open next January and will be located near the Gulf of Mexico and linked geographically to the Panama Canal.
The new Special Development Zone, announced by the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, covers about 475 square kilometers in the port of Mariel, 50 miles west of Havana.