The Government of Panama announced today that is ready to close negotiations with Peru to sign a Free Trade Agreement (FTA) negotiations in conjunction with Central, an official source. According to a statement from the Panamanian Ministry of Commerce and Industry (MTI) on Monday began in Lima, Peru, the fourth round, in which "outlines the completion of negotiations" on the tables outstanding market access, rules origin and Services and Investment and the top table between chief negotiators.
will also meet the technical teams responsible for legal review of the texts and agreed lists.
MITI Minister, Roberto Henríquez said that they "with the political will to reach an end if it is enabled by a proper balance of all interests."
addition, "to Peru and Panama have preferential trade partner is part of our integration strategy and is one of the most dynamic economies and fastest growing in recent years," he said.
Negotiations for a FTA between Costa Rica, El Salvador, Guatemala, Honduras and Panama, Peru, generate five bilateral treaties for the Andean nation.
The MTI said that during the past week negotiating teams of the Central American countries participating in conjunction with Peru "has made significant efforts through videoconferencing and teleconferencing, with a view to advancing the outstanding issues."
In this sense indicates that, although treated separately, most of the rules by efficiency of the process has been negotiated jointly, without excluding the possibility of bilateral texts as in the case of Panama on Intellectual Property and Financial Services Telecommunications addition, they are already closed.
Panama is still pending with Peru closing paragraph Maritime Services, which will be addressed in the fourth round.
On the other hand, the Deputy Minister of International Trade Negotiations, Francisco Alvarez De Soto stressed that "this type of process in line with our goals of opening markets, providing opportunities for our productive sectors to diversify products and markets."
for this fourth round of negotiations, have established more than 30 representatives of Panama's productive sector, he said.
4 to 8 April held in Peru and Central America Panama a "mini-round" of one day Central American country to move forward on the table pending issues of market access for goods and services, rules of origin and schedules of services and investment.
The third round was held last March in Costa Rica, with the closure of four chapters on services, investment, sanitary and phytosanitary measures and customs procedures, accounting and ten points agreed by the parties.
Panama hosted the second round last January, where Central America and Peru closed six of the twenty chapters of the agreement: competition policy, trade protection, technical barriers to trade, transparency, final provisions and dispute settlement.
Central America and Peru began on November 11 in Lima, the FTA negotiations with the first round of proposals.
Peru's exports to Central America in 2009, including Nicaragua, which is not involved in this negotiation, amounted to 267 million dollars and imports 173 million dollars, according to official data.
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