Manufacturing, fishery and aquaculture exports accounted for most of the 60% increase in sales from Chile to Panama between 2016 and 2017.
Exports in the fishing sector include salmon and trout, which grew by 46% in the period in question, going from $6.2 million in 2016 to $9 million in 2017, according to figures from a report by the country's South American trade promotion body, ProChile.
Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow.
In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization.Not only for having reduced tariffs, but also for"... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa.This opening not only lowers tariffs but brings us closer to the market and the business'. "
Fruit, vinegar, beverages and spirits constitute 84% of Panamanian exports to the South American country, which in 2014 exported goods and services to Panama worth $179 million.
Under the current trade agreement in force since 2008, currently 74% of tariff lines enjoy complete relief, which will grow to 97% in 2022.
"... Panama is the 29th largest trading partner of Chile and occupies the 25th position as an export destination.
Ten manufacturers of medical equipment, cosmetics, food supplements and biotechnology products will meet with entrepreneurs from Costa Rica to explore business opportunities.
Small and medium Chilean companies trying to enter the Central American market this year, through lines of copper-based creams sun blocks, physical rehabilitation equipment, electro-stimulation systems and radiological shielding.
A group of industrial companies in the South American country plan to visit the country in late April to explore business opportunities with Nicaraguan businessmen.
The Chilean delegation is composed of representatives from the public and private sectors related to the industrial and recycling area, in order to find out about market and investment opportunities in Nicaragua.
Entrepreneurs from Chile and Central America will be gathering together in San Jose from November 5th to 7th to explore business opportunities in the wood sector.
The event entitled 'Business Meeting on Forestry and Timber in Central American and the Caribbean' is being organized by the Trade Commission of Chile in Costa Rica (ProChile) and is expected to draw more than 20 entrepreneurs and exporters with the aim of striking deals with Central American countries.
On March 24, the Guatemalan Exporters Association will give a presentation on business opportunities in Chile.
From a statement issued by the Guatemalan Exporters Association (Agexport) reads:
The Department of Business Information and Market Intelligence AGEXPORT, INFOEXPORT in partnership with the institution of the Ministry of Foreign Affairs of Chile, PROCHILE, is to hold on March 24, 2014, a presentation on the opportunities for exports and imports in Chile and on the evolution of trade relations between the two countries since the entry into force of the FTA.
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