Panama & Mexico free trade pact signed at World Economic Forum

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PANAMA CITY–The presidents of Panama and Mexico have signed a free trade agreement that should smooth the way for Mexican businesses to operate in the Central American country.

Panama’s Ricardo Martinelli and Mexico’s Enrique Pena Nieto signed the accord during a regional meeting of the World Economic Forum in Panama on Thursday.

Panama exported just US$17.3 million in goods to Mexico last year, while Mexico sent about US$1 billion to Panama and has about US$2 billion worth of investments there.