Florida Shipper | January 19, 2009

FTA BETWEEN PANAMA AND HONDURAS TAKES EFFECT

The free trade agreement between Panama and Honduras took effect on Jan. 9. The agreement has an impact on 80 percent of the goods traded between the countries, the Panamanian Ministry of Commerce and Industry said.

The deal means preferential deals on the trade of 400 tons of bovine meat and 100 tons of pork meat in two years, as well as quotas on other products such as milk and cheese.

Honduras is considered the third-largest market of exports for the Panamanian products.