China’s technical trade commission will visit Panama in March to address FTA

A technical delegation from China will visit Panama to meet with representatives of the Government to examine the commercial markets of both countries, with the purpose of entering into a feasibility arrangement, prior to the negotiations of a Free Trade Agreement (FTA).

Deputy Minister of Foreign Trade, Néstor González, commented during a press conference. that a few weeks ago a similar meeting was held in Beijing with the Chinese Ministry of Commerce to advance the feasibility study.

During China’s Trade Minister, Zhong Chan’s visit to Panama, in early December 2017, it was agreed to begin the feasibility study of the FTA at the beginning of 2018, expecting to launch negotiations by mid year.

The feasibility study arose as a commitment derived from a Memorandum of Understanding signed between both Governments on November 17, 2017, within the framework of the recent official visit of Panamanian President, Juan Carlos Varela Rodríguez, to China.