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Mexico and Panama on Verge of Trade Pact

Article Summary:

Mexican and Panamanian authorities will meet again to discuss a free trade agreement; the agreement was suspended in 2003 after they disagreed on tax issues.

Photo Credit: Estrategia y Negocios

Original Article Text From Estrategia y Negocios via Google Translate :

Ready Panama trade pact with Mexico

Panama will begin efforts to resume negotiations on a Free Trade Agreement (NAFTA) with Mexico and thus enter the trade bloc Pacific Alliance announced Friday Ricardo Quijano, minister of commerce.

The official told Notimex that next week will meet with representatives of the Embassy of Mexico in Panama to establish the first contact face of a possible resumption of talks.
Panama and Mexico in 2003 suspended talks for an FTA when I was about 80% complete due to disagreements on tax issues, but in 2011 went into effect a treaty between the two countries to avoid double taxation.

Quijano said that Panama also contacted Colombia to resume talks on a bilateral FTA.
Is expected in late March or April, the two countries resume negotiations suspended.
Have an FTA with Colombia and Mexico to Panama will join the Pacific Alliance, composed of those countries, plus Chile and Peru.

Panama has trade pacts with Chile, since May 2008, and Peru, from April.

Link to Original Article:

From Estrategia y Negocios

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