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The Minister of Commerce and Industries, Julio Moltó, accompanied by the Deputy Minister of Foreign Trade, Astrid Ábrego, met with Janaina Tobia Quisinski, president of the Brazil-Panama Chamber of Commerce and Industries, within the framework of the international efforts that Panama is making to consolidate its integration into MERCOSUR and promote the attraction of private investment to the country.
During the meeting it was announced that a South American trade mission, made up of more than 20 businessmen and supported by the embassies of the MERCOSUR member countries, will visit Panama to promote the country’s competitive advantages as a logistics, financial and international services hub.
Panama reached the status of State Associated with MERCOSUR in December 2024. Although the legal framework has not yet entered into force, Panama is executing a stage of international strategic preparation, in which Brazil plays a key role. Since Panama’s incorporation into the bloc, there has been a growing interest of Brazilian companies in investing in our country, taking advantage of the extensive network of trade agreements that offers preferential access to more than 60 countries, including the United States, with which Brazil has no commercial agreement. Through the Trade Promotion Treaty (TPC) with the United States, Brazilian companies that settle in Panama will be able to export to the US market with tariff benefits, opening up opportunities in the largest consumer market on the continent.
Likewise, Brazilian companies can take advantage of the Panamanian logistics platform, composed of the Canal, ports, airport and the Colón Free Zone, among others, to expand exports, diversify markets and reduce transport and storage costs.
Panama and Brazil maintain a diplomatic relationship of 99 years, and both parties stressed the importance of strengthening economic and commercial ties, taking advantage of the opportunities offered by the partnership with MERCOSUR.
The MICI, together with the Brazil-Panama Chamber of Commerce and Industry, will continue to promote actions that strengthen regional cooperation and position Panama as an attractive and reliable destination for business development in Latin America.
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