Panama Becomes Member of ALADI

A press release from the Ministry of Foreign Affairs of Panama reads:

The Republic of Panama on Thursday delivered its instrument of adherence to the Treaty of Montevideo of 1980 formalizing the country's entry as a full member of the Latin American Integration Association (ALADI), the oldest regional economic integration forum.

On delivering the document to the Ministry of Foreign Affairs of the Oriental Republic of Uruguay, host of the ALADI, the Chancellor of the Republic, Francisco Alvarez De Soto said "this is a new and momentous step in the consolidation of Panama’s integrationist agenda."

Currently, Panama has eleven (11) trade agreements, mostly with partners in the region, and more specifically, with those that converge in ALADI, as in the case of Central American countries, Chile, Cuba, the Dominican Republic and Mexico.

Panama's accession to ALADI received unanimous support in the Fifteenth Meeting of the Council of Ministers of the agency in April 2009.

Source: Foreign Relations Ministry of Panama

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