Panama will be present at the inauguration day of Sebastián Pinera

Sebastian Pinera
  • EFE

This March 11 will be the inauguration day celebration of Sebastián Piñera as President of Chile will be held for the period 2018 - 2022. For the solemn assumption ceremony presidents, high-ranking leaders and special personalities from all over the world are invited.

The Panamanian official representation will be in charge of Deputy Foreign Minister Luis Miguel Hincapié and the Minister of Canal Affairs, Roberto Roy, according to information provided to Efe by the press officer of the Panamanian Foreign Ministry, Mónica De León.

To speak of Panama and Chile is to refer to a long-standing relationship and the reason for that is that the South American country is one of the main users of the Panama Canal.

Between the two nations there are dozens of cooperation agreements signed, among which the Free Trade Agreement (FTA) stands out. It entered into force during 2008, a Memorandum of Understanding on Cooperation in Migratory and Consular Issues, a Memorandum of Cooperation in Agricultural Matters, Agreements on Environmental Cooperation and a Labor Cooperation Agreement.

The outgoing president of Chile, Michelle Bachelet, and President Juan Carlos Varela, knew how to maintain and enhance bilateral relations. During the last meeting between the two in 2017, Bachelet said at a joint press conference that the “intention is to deepen this relationship, especially in the areas of security, economy, commerce, agriculture, logistics development, port infrastructure, human rights and training of human resources, among other matters” and pointed out that during that time saying “Panama is the main destination of Chilean investment in Central America, accumulating 813 million dollars in the period 1990-2015 (...) during the last 5 years the exchange between Chile and Panama have grown at an annual average rate of 5.2%, reaching 220 million dollars in 2016.”

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