On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector.

With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole fish, albacore, codfish, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles.

The Free Trade Agreement came into force after November 1, 2019, when the agreement that was ratified weeks ago by the National Assembly was published in Official Gazette No. 28895-A.

“From the entry into force of this treaty, no party may adopt or maintain any subsidy for the export of agricultural goods destined for the territory of the other country,” are some of the details of Law 105 of October 31, 2019.

See full publication (in Spanish).