Country Report Panama March 1998 Main report

Foreign trade & payments: A free-trade deal is agreed with Chile

Negotiations on the long-awaited free-trade agreement with Chile have apparently concluded. The formal signing is now expected in April at the meeting of American heads of state in Chile. The deal should bring significant benefits to Panama's banana and beef exporters. Currently Panama's domestic exports to Chile are minimal -- only some $7m in 1996 -- while imports were four times this level, but still equivalent to only 0.4% of Panama's purchases.

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