In a significant step towards regional integration, the president of Panama, José Raúl Mulino, announced this Friday, December 6, the formalization of Panama’s accession to the Southern Common Market (Mercosur) as an Associated State. This movement not only marks a milestone in Panamanian foreign policy, but also promises to open a range of commercial and economic opportunities for the country.
With the accession of Panama, Mercosur, which includes powers such as Argentina, Brazil, Uruguay and Paraguay, reinforces its objective of promoting cooperation and exchange between its members and associates. Panama joins a list of Associated States that already includes Chile, Peru, Colombia, Ecuador, Guyana and Suriname, and joins the integration process of Bolivia, which seeks to formalize its accession to the bloc. Panama’s entry into Mercosur is considered a strategic step, positioning the country on a platform that facilitates trade and investment in the region.
This agreement could bring with it not only an increase in exports and imports, but also a boost in attracting foreign investments, further consolidating Panama as a key logistics and commercial center in Latin America. The business community and economists view this new stage with optimism, which promises to strengthen the Panamanian economy and increase its competitiveness in a globalized world. With the formalization of this accession.
