Canada looking at Panama for agricultural investment

Canadian businessmen, encouraged by the benefits of the newly implemented Free Trade agreement (FTA)with Panama, are studying the benefits of investing in local agriculture.

A group from Canada recently visited farms in Cocle and Los Santos and according to Johnnie Sbrocci, of C.O.D. Fresh, they are evaluating whether to import papaya and some tubers next year. Deputy Minister of Foreign Trade, José Pacheco, said the visiting companies were willing to invest in the country exploiting the advantages of the FTA) with Canada. The arrival of these investors to the country is the result of business tours and producer participation in trade fairs and missions , said the National Export Director, Irma Chong.

The companies visited by members of C.O.D. Fresh were Asprato, Mundex, Latin Fruit, Finca Reginia Díaz and Estrella agrícola.

Effective Today, Harper Government Secures Competitive Edge for Canadian Exporters to Panama

The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today announced the entry into force of a bilateral free trade agreement between Canada and Panama that immediately secures a competitive advantage for Canadian exporters.

“Canada’s Economic Action Plan, with its focus on creating jobs, growth and long-term prosperity in every region of our country, includes opening new markets that increase Canadian exports,” said Minister Fast. Leer más

Panama’s exports to Canada expected to double

Canada’s Minister of Foreign Affairs John Baird was in Panama Tuesday, February 19 as part of a quick fire tour of Latin American countries which have become a focus of Canadian foreign policy.

At a meeting Baird with his Panamanian counterpart Rómulo Roux Baird said the interests of his country are the diversification of the presence of Canadian companies in Panama. During the meeting, Baird also discussed the possibility of increasing airline flights between the two countries to promote business and tourism. Leer más

Savouring a Taste of Canada for 5 days

Canadians in Panama have a reputation for arriving on time, or even early, which sometimes confuses local businesses.

A good example was of the CanadaPLUS club over two years ago. The event was due to start at 7 pm. The owner of the restaurant told his staff to be there at 6.30. The line up started at 6.15.

But this year, with the feasting taking place at the Miramar Intercontinental,  one of the 10 Bern hotels under the direction of Canadian Glen Champion, timing will not be a problem.

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Canadian Pulse Mission to Panama

“This trade agreement between Canada and Panama will give Canadian exporters and farmers greatly improved access to this market, and give Panama access to suppliers from Canada who will compete on the basis of price and quality, not market distorting tariffs,” says Gordon Bacon, CEO of Pulse Canada and the Canadian Special Crops Association (CSCA).

Bacon adds the agreement has significant benefits for importers and consumers of pulses and special crops in Panama. Panama will gain competitive access from its largest suppliers of pulse products and the elimination of import duties will reduce food costs of these staple food products for people in Panama.

An agreement with Panama is especially significant because it already has an enabling food regulatory environment in place. Lindsay Bourré, Cigi Technical Specialist in pulses, went on her first Cigi pulse investigative mission with Rick Morgan, Manager of Business Development, to Panama last March at the request of the Canadian Trade Commissioner Service. They gave a breakfast presentation to government representatives, port authorities, importers, and food companies, and PanCanada members. They were accompanied by four Canadian pulse and special crops industry representatives on the one-week visit.

“Panama’s trade policies represent the future direction of food safety regulation in that it has import policies that are risk-based rather than zero threshold”, says Gord Kurbis, Director of Market Access & Trade Policy with Pulse Canada. “For example, in cases where Panama does not yet have a specific food safety tolerance established, it applies OECD country tolerances rather than a default zero-tolerance. This is an important example of sound food safety policy that guarantees food safety to its consumers while also facilitating trade and growth for both countries. This approach needs to be brought into focus as a goal of all future FTA negotiations.”
In 2013, Canada exported 7,441 tonnes of pulses and special crops to Panama. Lentils from Canada typically comprise about half of Panama’s pulse imports.

PanCanada´s Members Enjoy Inaugural Rides on Panama´s New Subway System (Metro)

Last March, Courtesy of Min. Roberto Roy and PanCanada member, Luis Manuel Hernadez, several PanCanada members enjoyed free rides on Panama City´s new “Metro” (Subway system).

We were able to book 3 different groups during three days, and offered our membership an tour of the new fcilities, and all stops.  Metro employees and engineers were at hand to offer an interesting overview of the system, the construction process and operation details.

COPA Expands Canadian Destinations to include Montreal

COPA Airlines, Corproate member PanCanada, has expanded its Candian destinations to include Montreal.  The inaugural flight was on June 2nd, 2014.  Sylvia Cesaratto, Canadian Ambassador to Panama accompanied Pablo de la Guardia and other COPA Executives in a brief ribbon cutting ceremony at Tocument International Airport.

PanCanada members are delighted at this new opportunity for business and trade.

Minister Fast Marks First Anniversary of Canada-Panama Free Trade Agreement

April 1, 2014 – Ottawa, Ontario – Foreign Affairs, Trade and Development Canada

Canada-Panama Free Trade Agreement reflects Canada’s ambitious pro-trade plan to create jobs and provide Canadian exporters with a competitive edge
The Honourable Ed Fast, Minister of International Trade, today marked the first anniversary of the coming into force of the Canada-Panama Free Trade Agreement (FTA).
Panama is one of the fastest-growing markets in Latin America. On April 1, 2013, the Canada-Panama trade agreement eliminated tariffs on more than 90 percent of Canadian goods exported to Panama, directly benefiting Canadian exporters in a variety of sectors, including aerospace, pharmaceuticals, pulp and paper, and agriculture and agri-food. Leer más