San José, Costa Rica, Thursday 11 February  2010

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Panama, Colombia In Free-Trade Talks

PANAMA- Colombia and Panama are starting talks on a free-trade agreement, Bloomberg reports.

The talks come as Colombia is likely to face a two-third dip in its exports to Venezuela after Venezuelan President Hugo Chavez declared in 2009 to end imports from the Andean country.

Chavez said the move was in response to a deal that allows U.S. armed forces a greater access to the Colombian military bases.

Trades between Panama and Colombia totaled $211 million in 2007.
   
 

 

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