Panama May be Out of Agreement with Europe
The entry into force of the Central American Trade Agreement with the European Union draws near and Panama has not yet formally integrated into the region.
Thursday, May 10, 2012
The Treaty of the Central American-European Union Association will be stamped with the final flourish at the end of June, and the commercial part very will enter into force very soon after being signed, eliminating tariffs on 99% of bilateral trade products.
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In late June the Association Agreement between Central America and the European Union will be signed in Tegucigalpa, containing a section on trade which will take effect as soon as it is ratified by one of the governments of the region.
In his trip he will reaffirm his administration's interest in taking part of the agreement being negotiated by the EU with the rest of Central America.
Preparations are being made for a single form that will streamline customs trade ahead of the entry into force of the Association Agreement between Central America and the European Union.
A computerized system is being prepared in order to control the volume of exports to Europe by each Central American country, within the provisions of the Partnership Agreement.
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