Free Trade Agreement (FTA) Chile - Panama

Free Trade Agreements (FTA) of Chile - Free Trade Agreements (FTA) of Panama

Course summary Free Trade Agreement (FTA) Chile - Panama

The Chile-Panama Free Trade agreement entered into force on 7 March 2008.

The main objective of the Free Trade Agreement (FTA) Chile - Panama is the establishment of a free trade area.

The specific objectives of the Free Trade Agreement (FTA) Chile - Panama are:
- Encourage expansion and diversification of trade between the Parties;
- Remove barriers to trade and facilitate cross-border movement of goods and services between the Parties;
- To promote conditions of fair competition in the free trade area;
- Substantially increase investment opportunities in the territories of the Parties;
- Create effective procedures for the implementation and enforcement of this Agreement, for its joint administration, and to prevent and resolve disputes.

The treaty establishes that Chile granted a tariff reduction on 92.5 % of the products covered by the treaty and that those products could enter free of tariffs from the first day of the agreement.

Trade relations between Panama and Chile has been negative from the perspective of the Panamanian economy. Over the past five years (2006-2010), the value of the deficit has increased by 60%, however, Panama's participation in bilateral trade with Chile increased significantly from 3% to 19% in the same period. In the first half of 2011, exports totaled 4.1 million USD and imports from Chile 31.9 million USD.

The main exports from Panama to Chile are baby foods, plastic products, textiles, kitchen products, and copper.

Example of the course: Free Trade Agreement (FTA) Chile - Panama:

 Educational level: Continuing education / Executive education programs.