Panama-Taiwan Free Trade Agreement (FTA).
The Panama-Taiwan Free Trade Agreement (FTA) entered into force in 2004.
Whereas the Panama-Taiwan Free Trade Agreement is esteemed to increase the foreign trade between Taiwan (Republic of China) and the Republic of Panama.
- Foreign Trade between the Republic of Panama and Taiwan was small in the past (0.06% of the total trade of Taiwan)
- Exporters can benefit from a customs duties
exemption on 4,181 items of the exported commodities to the Republic of Panama, and the Republic of Panama will give a preferential treatment to the marine transport companies from Taiwan using the seaport facilities
- The Panama-Taiwan Free Trade Agreement will help to the marine transport companies in the Republic of China to develop the
Shipping markets (Panama Canal)
- Taiwan has exempted the customs duties on 6,187 products imported from the Republic of Panama
- It is expected that 97% of the Panamanian export products will be allowed to enter Republic of China free of duty ten years after the Panama-Taiwan Free Trade Agreement takes effects
- Import products from the Republic of China: 43 million dollars (excluding
foreign trade generated by the Colon Free Zone to other countries)
Main chapters of the Panama-Taiwan Free Trade Agreement (FTA).
- National Treatment
- Market access for products
- Rules and Certificate of Origin
- Customs Procedures
- Safeguard Measures
- Unfair Trade Practices
-
Sanitary and Phytosanitary Measures
- Measures on Standards, Metrology, and Authorization Procedures
- Foreign Direct Investment (FDI)
- Cross-border Trade in Services
- Financial Services
- Telecommunications
- Temporary Entry for Business Persons
- Competition Policy
- Intellectual Property
Rights (IPR)
Panama belongs to the Latin American Economic Area (Western Civilization) and Taiwan to the Sinic Civilization.
Panamanian Free Trade Agreements (FTA)
Taiwanese Free Trade Agreements:
Guatemala,
Honduras-El Salvador,
Nicaragua,
APEC