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PANAMA – The long awaited Panama-Canada Free Trade agreement will be signed in Toronto Canada on May 14th said Panama’s Commerce and Industry Minister Roberto Henriquez. The countries completed the agreement early this year and the agreement would give Canada immediate access to Panama’s markets and services while Panama’s access is tied to a deadline. Both countries need to ratify the agreements in order to start up trade. We were told that before the end of 2010 they would be operational.

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I borrowed this from Sam Taliaferro´s Panama Investor Blog where you can subscribe to his regular newsletter, very informative on Panama events from a business perspective.
http://primapanama.blogs.com

Excerpts from La Prensa

The Canadian airlines currently offering charter flights to Panama may start providing regular flight services during peak travel seasons.

Canadian Transport Minister John Baird announced that Air Transat would operate two flights a week from Tocumen, while WestJet reported it would schedule a single flight each week. Flights will operate between November and April.

Representatives for Air Transat, which has offered two weekly charter flights Montreal, Quebec, and Panama City, Panama, since 2003, said the new service will be similar to that currently offered.

As of September, some 33,649 Canadian tourists have arrived in Panama, according to the Tourism Authority of Panama.

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