Pacific Rubiales oil settles in Panama

Pacific Rubiales, the company that explores for and produces oil and gas in Colombia, and is selling most of Colombia’s oil, linked to this country since the Panamanian Government introduced incentives to attract foreign investment to the sector, has announced it will move its Board of Directors to Panama.

Pacific Rubiales said its office in Colombia will continue to implement the same operations.

“The company has not moved offices. Pacific Rubiales has opened a corporate [...]

Colombia had no interest to solve duty problem with Panama

Panama and Colombia will have no choice but to resolve the tariff issue with the intervention of the World Trade Organization (WTO) since talks failed to resolve the dispute caused by the imposition of a special tariff on textiles and footwear re-exported by Panama.

Ricardo Quijano, Minister of Commerce and Industry of Panama told the Panama News Agency that they could not reach an agreement for lack of interest by Colombia. The official had announced [...]

Santa Marta receives largest bulker in Colombian history

El MV Santa Ursula

The MV Santa Ursula, flying the flag of Panama, loaded with 55,000 tonnes of maize from Brazil, measuring 200 meters long and 35 meters wide, arrived at the port of Santa Marta, Colombia, to become the largest bulk ship with solid clean cargo to arrive in a public port in the history of Colombia.

According to information from the port, the arrival of the MV Santa Ursula was possible thanks to the natural attributes of [...]

Buenaventura deepening its channel to 16 meters

Puerto de Buenaventura, Colombia

The deepening of the access channel to 16 meters was defined as one of the priorities for the future development of the Port of Buenaventura, Colombia.

This was explained by Alexander Micolta, president of the Chamber of Commerce of Buenaventura, in a report to the board of the Intergremial Business Committee of El Valle, Ciev, at its last meeting in September.

With the opening of the new Panama Canal in 2015, the minimum depth of [...]

Colombia, Panama and Costa Rica denounce Nicaragua in the UN

El conflicto entre Nicaragua y Colombia fue discutido en la ONU

Colombia, Panama and Costa Rica submitted a joint letter to the United Nations (UN) to seek diplomatic alternatives to solve the border disputes that the three countries have with Nicaragua.

The president of Colombia, Juan Manuel Santos, delivered the letter signed by the three countries against Nicaragua, to the UN secretary general, Ban Ki-moon.

As reported by the newspaper El Tiempo of Colombia, the country’s president, -Juan Manuel Santos gave the UN secretary general, Ban [...]

Panama wants to be part of the Pacific Alliance

By Dennis Smith

Members (Chile, Mexico, Colombia and Peru) and observers of the Pacific Alliance just wrapped up their latest meeting in Cali, Colombia.

Among those attending was Panama President Ricardo Martinelli. His mission was to push Panama’s status from observer to full member.

Panama has much to benefit from and much to add to the Alliance as a full member. Acceptance will allow Panama to become the most viable logistic platform for transpacific trade [...]

Colombia stalls signing the FTA with Panama

The Panamanian Minister of Commerce and Industry, Ricardo Quijano said that Panama has a special interest in signing free trade agreements with Colombia and Mexico to enter the Pacific Alliance not as observers, but as a full member.

However, there have been delays with the agreement with Colombia, because they are currently analyzing the legal content to amend the text of the treaty.

“We are a little worried because we wanted to have it finalized [...]