Panama & Mexico free trade pact signed at World Economic Forum
April 5, 2014, 12:09 am TWN
PANAMA CITY--The presidents of Panama and Mexico have signed a free trade agreement that should smooth the way for Mexican businesses to operate in the Central American country.
Panama's Ricardo Martinelli and Mexico's Enrique Pena Nieto signed the accord during a regional meeting of the World Economic Forum in Panama on Thursday.
Panama exported just US$17.3 million in goods to Mexico last year, while Mexico sent about US$1 billion to Panama and has about US$2 billion worth of investments there.