Economy Country January 29, 2025

Panama Officially Joins Mercosur

Panama has officially entered Mercosur, creating a joint market of 271 million inhabitants and strengthening commercial relations in the region.


Panama Officially Joins Mercosur

Panama has officially joined Mercosur, which marks an important advance in economic integration in Latin America. The trade bloc already has a market of 271 million inhabitants, and the incorporation of Panama will further strengthen its position in the region and its trade relations.

According to the official statement, Panama commits to comply with all the regulations and requirements of Mercosur, which includes tariffs and trade regulations. This decision represents an opportunity not only for Panama but also for the member countries of Mercosur, by expanding business opportunities and enhancing cooperation in various economic sectors.

The president of Panama emphasized the importance of this accession, stating that it will benefit the country's economy and promote regional integration. Furthermore, this measure is expected to boost economic growth and promote job creation in Panama and in the member countries of Mercosur. Undoubtedly, Panama's entry into Mercosur marks a milestone in the history of economic integration in Latin America.