{"id":30960,"date":"2021-03-09T10:22:15","date_gmt":"2021-03-09T15:22:15","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=30960"},"modified":"2021-03-09T10:22:15","modified_gmt":"2021-03-09T15:22:15","slug":"panama-sees-potential-boost-exports-china-2021-official","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-sees-potential-boost-exports-china-2021-official\/","title":{"rendered":"Panama sees potential to boost exports to China in 2021: official"},"content":{"rendered":"

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A staff member works at a plant of beef exporter and meatpacker Carnes de Cocle in Las Tablas of Los Santos, Panama, June 22, 2019.(Photo: Xinhua)<\/p>\n

Panama has much potential to boost exports to China, its main trade partner, this year, as the country has signed several sanitary protocols with China.<\/p>\n

More exports are expected to stage an economic rebound for the country against the backdrop of COVID-19, according to Eric Dormoi, national director of export promotion at the Ministry of Commerce and Industries.<\/p>\n

Last year, Panama’s exports amounted to 1.725 billion U.S. dollars, up 14.7 percent year on year, Dormoi told Xinhua by telephone.<\/p>\n

The figure reflects the important role that copper concentrate has played in raising the country’s exports, since it represented a whopping 62 percent of the total.<\/p>\n

Foodstuffs represented 22 percent of the country’s exports last year, Dormoi said, adding China was Panama’s main export destination, which contributed 21 percent of the total.<\/p>\n

Exports have undergone a relevant qualitative change from shipments of animal offal to specific cuts of frozen, boneless meat destined for China, Japan and the Caribbean, Dormoi noted.<\/p>\n

After signing several sanitary protocols with China, Panama is waiting to get China’s customs code and approval for the country’s plants that produce pork, poultry and marine products, Dormoi said.<\/p><\/div>\n

“Asian countries seem to recover more quickly from (medical) contingencies such as the pandemic than other regions. So the outlook is good for those markets,” he said.<\/div>\n<\/div>\n
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    \u00a0\u00a0\u00a0 A staff member works at a plant of beef exporter and meatpacker Carnes de Cocle in 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