Wednesday, October 8, 2014

Panama’s National Assembly Ratifies Trade Pact with Mexico

The Panamanian National Assembly, after a third and final debate, ratified a trade agreement with Mexico, marking a crucial step toward the Central American country’s accession to the Alliance of the Pacific. The bilateral agreement was signed in April. To join the alliance, founded in 2012 by Peru, Colombia, Chile and Mexico, a country must have trade accords with each of the existing members. Panama’s trade agreement with Colombia is still awaiting ratification by the National Assembly.

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