Panama And Mexico Pursuing Free Trade Deal
Reports have emerged this week that Mexican President Felipe Calderon has stepped up talks with Panama over a long-awaited free trade deal. According to a report from Reuters on Wednesday, Mr Calderon revealed on
a speech that he had given Mexican officials permission
to go ahead with finalising discussions with Panama to get the intermittent talks back on track. The discussions have been ongoing for more than a decade. The finalisation of the deal has reportedly been delayed due to
concerns expressed by Mexico over the strength of Panama's money laundering
laws. Reuters additionally revealed that Calderon had abolished the requirement for
Panamanians to posess a visa to enter Mexico. Panama has made strong progress in recent years in the area of FTAs. Long-standing agreements have already
been set up - or are in the process of being negotiated - with Taiwan, Singapore, Chile and Costa Rica and the United States, which was
pending ratification as at December 2007. .
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