{"id":21793,"date":"2017-12-11T11:53:05","date_gmt":"2017-12-11T16:53:05","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=21793"},"modified":"2017-12-11T11:53:05","modified_gmt":"2017-12-11T16:53:05","slug":"panama-moves-closer-rail-link-costa-rica","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-moves-closer-rail-link-costa-rica\/","title":{"rendered":"Panama Moves Closer To Rail Link With Costa Rica"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Panama moved a step closer to building a rail link to the Costa Rican border on Thursday, December 7 with the signing of an agreement with China to initiate a feasibility study in 2018.<\/p>\n

It was signed by Luis Miguel Hincapie, in charge of Panama\u2019s Ministry of Foreign Affairs and Zhong Shan, Minister of Commerce of the People\u2019s Republic of China.<\/p>\n

The agreement was signed in the presence of Panama President Juan Carlos Varela and Panamanian Trade Minister Augusto Arosemana at the headquarters of the Ministry of Foreign Affairs of Panama.<\/p>\n

The Chinese Minister of Commerce said that the purpose of his visit was to follow up on the agreements reached during Varela\u2019s visit in November. \u201cIn turn, I have highlighted the potential of infrastructure construction for both nations.\u201d<\/p>\n

With the signing of this agreement, China confirms that \u201cit will grant the financing and the feasibility study for the rail project of the Republic of Panama,\u201d Arosemena said.<\/p>\n

Both Arosemena and Zhong Shan indicated the need to accelerate the negotiation of a Free Trade Agreement (FTA) between both nations, which should be completed by the first half of 2018.<\/p>\n

\u201cWe hope to complete the feasibility study in June 2018 and immediately launch the negotiations,\u201d said Arosemena.<\/p>\n

In addition, in educational matters through an exchange of notes, both governments agreed on the amount of funding for the non-reimbursable cooperation of projects for the strengthening of \u201chuman resources, scholarships and seminars\u201d.<\/p>\n

Panama opened diplomatic relations with China lin June. Months later, in November, President Juan Carlos Varela met with his counterpart Xi Jinping, and from these meetings, a series of trade, economic and cooperation agreements were signed between both nations.<\/p>\n\n

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    Panama moved a step closer to building a rail link to the Costa Rican border on Thursday, December<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-21793","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nPanama Moves Closer To Rail Link With Costa Rica - Blog and 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