On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector.
With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole fish, albacore, codfish, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles.
The Costa Rican National Assembly approved the Association Agreement between the United Kingdom of Great Britain and Central America, which protects commercial relations between both economies within the framework of the Brexit process.
Approval of the "Agreement Establishing an Association between the United Kingdom of Great Britain and Northern Ireland and Central America" was approved in the second debate, the Legislative Assembly reported last October 28.
The Panamanian National Assembly ratified the Association Agreement between the United Kingdom of Great Britain and Northern Ireland and Central America, which aims to safeguard trade relations for the Brexit process.
Project 154, which was approved on October 28, essentially preserves the rights acquired by both parties and does not change the set of rights and obligations acquired by the Republic of Panama. This agreement is based on three pillars: political dialogue, trade and cooperation, informed the National Assembly.
The National Assembly of Panama approved in third debate the Free Trade Agreement between both countries, signed in May 2018.
Some of the results that will be achieved with the entry into force of this agreement include immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole, albacore, cod, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles.
Arguing that local investments could be at risk, the Maritime Chamber requested the exclusion of the maritime sector from the trade agreement that Panama negotiates with the Asiatic giant.
In a note addressed to the Chief Negotiator of Panama, the trade guild of the sector requested not to include the maritime sector, and especially the auxiliary maritime industry, in the negotiations of the FTA between Panama and China.
The government's decision to forbid the addition of other products as a perk included with sales of rice is another clear example of its efforts to protect an increasingly competitive sector.
The Solis administration has banned, by means of an amendment to the Regulation on the price of milled rice, the addition of other products as a perk included with sales of the grain, a practice known among retailers as "bandeo".
In the VI round agreements were reached on the chapters on Government Procurement, Employment and Dispute Resolution, and the in next round they will define the final document for technical and legal review.
From a statement issued by the Ministry of Economy and Finance in Guatemala:
Guatemala, October 5, 2016.The teams negotiating the FTA between Central America and South Korea held a sixth round of negotiations from September 26 to 30 in Managua, Nicaragua with the conclusion of three more chapters.
Protectionist measures that favor dominant firms in domestic markets only extend the inevitable process of globalization, making it more expensive for consumers.
Whether a milk is 'good' or not is decided by consumers themselves by evaluating its quality and cost.Milk has no nationality.It's just milk.
The Government and the private sector have laid the foundation for a strategy to follow to apply for formal admission to the agreement and to take advantage of, among other things, "country of origin".
The benefit of"country of origin"that can be taken advantage of by the member countries of the Transpacific Agreement allows the use of raw materials originating in another country to be used as if they were their own. This "... will be beneficial not only for the free zones themselves but also for SMEs."We are talking about the expansion of markets, because Nicaragua is coming to countries with which it does not have this free trade scheme" said the president of the Superior Council of Private Enterprise, Jose Adan Aguerri.
Three years after being signed, the Colombian Constitutional Court has approved the bilateral agreement that liberalizes 75% of industrial products over terms of 5 to 15 years.
This was the last institutional step needed to for the FTA between Costa Rica and Colombia, as the Central American country had completed all the necessary procedures, leaving only formal communication from Colombia to Costa Rica remaining, so that the agreement will go into force 60 days later.
The National Rice Corporation states that adhering to the regional initiative blights what has been achieved in bilateral agreements with each country in the Alliance.
The Costa Rican agro industry has closed ranks against the country's accession to the Pacific Alliance.
They argue that joining the bloc offers growth potential for commercial partners who to date represent only 4% of total exports.
Enrique Egloff, president of the Chamber of Industries of Costa Rica provided support for this with figures which show that in 2015 Costa Rica's exports to the countries in the Pacific Alliance totaled $377 million and imports $1.786 billion. These amounts accounted for 4% of total exports and 12% of total imports. Of those exports, 97% are industrial goods, and for imports 95% are.
The private sector is demanding homogeneity in the foreign trade strategy, since the situation today is that there is "one protectionist minister and another who works for free trade."
In the words of José Manuel Quirce, president of the Chamber of Importers of Costa Rica (Crecex), the Solis administration needs to focus on "... harmonizing approaches in foreign trade" in order to avoid having one agriculture ministry imposing nontariff barriers to protect local production, and at the other extreme another minister of foreign trade promoting free trade.
Fifteen years after the first approach was made, the countries have not reached an agreement on the conditions of entry of products such as textiles, meat and sugar.
Since 2001, Guatemala and Canada have been trying to close negotiations to create a free trade area between the two markets.
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