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Panama loses ground with free trade accords

Thursday, August 11, 2016

Panama’s exports to countries with which it has free trade accords have been declining, official sources said.

The Central American nation’s exports to the U.S., Canada, Costa Rica, Chile, Taiwan, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Singapore and Mexico dropped 35 percent from 2011 to 2015.

One of the worst-hit sectors for Panama is agriculture, which has los more than 100,000 hectares of farming land in the past 15 years.

Source: La Estrella