The president of Paraguay, Santiago Peña, expressed his satisfaction with the progress of the process initiated by Panama last December to become an associated state of Mercosur. After meeting with his Panamanian counterpart, José Raúl Mulino, Peña highlighted the importance of Panama's approach to Mercosur, which will enrich the exchange between the countries.
Peña reminded that Paraguay is a founding partner of Mercosur and celebrated the invitation extended to Panama to join as an associated state. Mulino signed the protocols in Montevideo last December to initiate the process of Panama's entry into Mercosur, an event described as historic by the Panamanian president.
In an official meeting this Tuesday, Mulino and Peña discussed Panama's incorporation into Mercosur, emphasizing the importance of strengthening ties between the regional bloc and the Central American country. Mulino emphasized that efforts will be made for Panama to integrate into Mercosur as a full member in the near future.
Mercosur, founded in 1991, consists of South American countries as full members and others as associated states. Panama will become the first non-South American country to be an associated state of Mercosur. This union promises economic and trade benefits for both parties.
In addition to official meetings, the visit of the president of Paraguay to Panama seeks to strengthen trade and attract investments. At the International Economic Forum scheduled for this week, Peña will participate in panels focused on economic and trade development between Latin America and the Caribbean.
In his speech at a business event in Panama, Peña highlighted Paraguay's interest in strengthening trade ties with Panama, mentioning key sectors such as food production, energy, tourism, and education. Both countries established diplomatic relations in 1942 and are now looking to strengthen their cooperation in various areas.
The entry of Panama as an associated state of Mercosur represents a significant step towards strengthening the strategic position of the country, increasing exports, and generating new opportunities for Panamanians. In this regard, cooperation between Paraguay and Panama promises mutual benefits in terms of trade, investment, and economic development.
