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Panamá and Mexico have started negotiations to create a Free Trade Agreement (TLC)
A chapter addressing Intellectual Property matters will also be included.
On July 30th Panama and Mexico agreed to create a Free Trade Agreement (TLC) with the objective of encouraging the bilateralism in the protection of IP and providing the necessary mechanism to protect the citizens of both nations.
Regarding this matter, the general director of the Mexican IP Agency (I.M.P.I), Miguel Margain, said that it is basic and fundamental to include the protection of IP in any TLC, since it is considered to be a topic of a close relation between economy and commercial interchange.
The increase in foreign trade in goods and services between countries must also be highlighted. Mexico had a surplus that increased 357 million dollars in 2003 to 1218 dollars in 2013. Panama showed an important increase in its exportations to Mexico from 37.7 million dollars to 120 million dollars in 2013.
Sources: IMPI Mexican IP Agency