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 second round is being held in Panama, where representatives of the Central American countries will discuss advances and proposals regarding the integration of the region.
The round is formed by two groups, one normative technical and the other IT technical, with a broad agenda that will be discussed from October 15th to 17th. The agreements reached will be presented on Thursday 18th and Friday 19th, at the meeting of the General Directors of Customs of Central America.
Sales abroad from January to August of this year reached $487 million, resulting in an increase of 8.3% with respect to the same period in 2017.
The latest data from the General Comptroller of the Republic detail that between the first eight months of 2017 and the same period of 2018 exports increased from $450 million to $487 million, an increase that is explained partially by the trend of banana and sugar sales.
The third round of negotiations between the two delegations concluded on October 13th, in which subjects such as Intellectual Property, Cooperation and Rules of Origin were discussed.
From the press release of the Ministry of Trade and Industries:
Panama City, October 13th, 2018. The negotiating teams from Panama and the People' s Republic of China concluded today the Third Round of Negotiations for a Trade Agreement with advances in chapters such as Intellectual Property, Cooperation and Rules of Origin.
Imports of footwear and clothing fell 8% in the first half of the year compared to the same period in 2017, and production in the country contracted by around 30%.
According to representatives of the guilds of the Nicaraguan Chamber of Leather Shoes (CNCC), and the Nicaraguan Chamber of Leather and Footwear (Camcunic), in the first six months the local production of clothing and footwear has decreased by about 30%.
Freight movement in Panama totaled 54.8 million metric tons in the first eight months of the year, 5% less than that reported in the same period in 2017.
The most recent figures of the General Comptroller detail that only last August reported a year-on-year fall of 13% in the freight movement, falling from 7.8 million metric tons in the eighth month of 2017 to 6.8 million metric tons in the same period of 2018.
The regional guild of the sector reported that the volume of milk produced by the countries of the region increased from 3.5 to 3.7 million metric tons between 2015 and 2016.
According to figures from the Central American guilds, the increase in global production registered in 2016, when the most updated statistics exist as a region, is explained by increases reported in all countries, mainly from Costa Rica with 18%, followed by El Salvador with 14%, Guatemala with 13%, Panama with 6%, and Honduras with 4%.
In accordance with the decrease reported since the beginning of the year, sales abroad reached $7.348 million up to August, 2% less than that recorded in the first eight months of 2017.
The Banco de Guatemala report stated that the total exports of General Commerce were at US$7,347.5 million, lower by US$183.3 million (-2.4%) to the registered to August 2017 (US$7,530.8 million). The most important products according to their participation in the total value of exports were: Clothing with US$963.2 million (13.1%), Coffee with US$601.6 million (8.2%), Banana with US$532.2 million (7.2%), Sugar with US$488.5 million (6.6%) and Fats and edible oils with $347.1 million (4.7%). These products represented 39.8% of total exports.
From November 5th to 9th, Guatemalan businessmen from the agricultural and manufacturing sectors will visit Frankfurt to discuss business opportunities with local buyers.
The representatives of the Guatemalan Association of Exporters (Agexport) informed that the trade mission they organize, will allow Guatemalan businessmen to contact potential buyers from Germany, whom they will have business appointments previously defined.
The downward trend in international prices and the climate impact are part of the challenges facing producers in the region for the next harvest.
According to data from CentralAmericaData, the average price per kilo of sugar exported by countries in the region fell 38% between May 2012 and June 2017, from $1.13 to $0.70.
Trade in goods and services between the countries of the region amounted to $4.792 billion during the second quarter of the year, 3% more than in the same period of 2017.
Central America's total exports reached USD 16,299.7 million in the second quarter of 2018 and increased by 1.7% over the same period last year.
The FTA with Panama and the agreement with El Salvador, both in the negotiation stage, are part of the commercial opportunities that the Asian nation seeks to consolidate in the region in the short-term.
The third round of negotiations to conclude the trade agreement between the Central American country and the Asian nation began in Panama City. This session will deal with trade barriers, customs procedures and trade facilitation.
The WTO decided that Colombia has complied with a resolution that required it to remove tariffs and restrictions on imports of textiles, clothing and footwear from the Libre de Colón zone in Panama.
The conflict arose after a complaint by Panama after Colombia imposed a tariff on textiles and footwear from the Libre de Colón Zone. The dispute began more than five years ago.
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.
During the first eight months of the year, foreign sales reached $4.054 billion, almost 4% more than the same period in 2017.
From the press release of the Central Reserve Bank:
The exported merchandise from El Salvador up to August 2018 reached US$4,053.8 million, US$139.9 million more than the same period in 2017, with an inter-annual growth rate of 3.6%, reported the Central Reserve Bank.
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