{"id":7242,"date":"2025-03-05T08:49:42","date_gmt":"2025-03-05T13:49:42","guid":{"rendered":"https:\/\/ecotopiateak.com\/?p=7242"},"modified":"2025-03-06T09:23:32","modified_gmt":"2025-03-06T14:23:32","slug":"sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market","status":"publish","type":"post","link":"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/","title":{"rendered":"SIP and APEX demand clear rules in Panama to establish themselves in the market."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7242\" class=\"elementor elementor-7242\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ecaf58a elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"ecaf58a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-63a96ba\" data-id=\"63a96ba\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddf4c0a elementor-tablet-align-center elementor-widget elementor-widget-post-info\" data-id=\"ddf4c0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-124edcf elementor-inline-item\" itemprop=\"about\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-terms\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-post-info__terms-list\">\n\t\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/category\/economy\/\" class=\"elementor-post-info__terms-list-item\">Economy<\/a>\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7e4569 elementor-widget__width-initial elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"f7e4569\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SIP and APEX demand clear rules in Panama to establish themselves in the market.<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8131fa elementor-widget elementor-widget-text-editor\" data-id=\"f8131fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>APEX: Panamanian Exporters Association SIP: Panama Industrial Union<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8458117 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"8458117\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-b129dde\" data-id=\"b129dde\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-083c507 elementor-widget elementor-widget-post-info\" data-id=\"083c507\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-6b9b45e elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-tags\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\tLourdes Garc\u00eda Armuelles\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-daea358 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>marzo 5, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-420d9d4 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-clock\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-time\">\n\t\t\t\t\t\t\t\t\t\t<time>8:49 am<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f779a4 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"9f779a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"394\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp\" class=\"attachment-medium_large size-medium_large wp-image-7243\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp 700w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-300x169.webp 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-600x338.webp 600w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">The country's productive sector seeks more ways to bring its products to the international market | Pixabay<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2d552c elementor-widget elementor-widget-text-editor\" data-id=\"f2d552c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The guilds agreed that the country has focused more on being an importer rather than an exporter. They insist that Free Trade Agreements have not been fully utilized either.<\/p><p>\u00a0<\/p><p>Panama is lagging behind in key areas to boost the local industry and attract Foreign Direct Investment (FDI), such as institutional strength and human capital, according to the 2025 Annual Economic Report of the Panama Industrial Union (SIP).<\/p><p>\u00a0<\/p><p>The report, titled <em>Competitiveness and Growth: The Future of the Industrial Sector Amid New Economic Challenges<\/em>, states that regional competition to attract FDI has intensified, and Panama is not among the top competitors.<\/p><p>\u00a0<\/p><p>It details that in 2022, most of the FDI entering Panama came from the service sector, totaling $2.268 billion\u2014 a low figure compared to the $3.422 billion generated by the Dominican Republic in 2023. Similarly, FDI in manufacturing in Panama reached only $331 million in 2022, whereas Costa Rica managed $2.592 billion in 2023.<\/p><p>\u00a0<\/p><p>During the presentation of the report, SIP President Ra\u00fal Montenegro criticized the fact that, despite the industrial sector being largely concentrated in food production (53%), Panama has become an importer of agri-food products instead of an exporting country.<\/p><p>\u00a0<\/p><p>He explained that, according to the study, over the past 21 years, exports have dropped from $804 million to $402 million, while imports have risen from $595 million to $1.132 billion.<\/p><p>\u00a0<\/p><p>Montenegro stated that while the decline in exports can be observed by sector, the report shows that fish and seafood exports were around $413 million, but in 10 years, they have dropped to just over $152 million.<\/p><p>\u00a0<\/p><h3><strong>Free Trade Agreements (FTAs)<\/strong><\/h3><p>He also argued that the current export issue is due to Panama\u2019s poor utilization of Free Trade Agreements (FTAs).<\/p><p>\u00a0<\/p><p>\u00abPanama has signed more than 20 FTAs. And what has that accomplished? Instead, we have been flooded with imports. We have made it clear to the President of the Republic, Jos\u00e9 Ra\u00fal Mulino, that we want to compete on equal terms. If other countries are doing it, we can do it too,\u00bb Montenegro stated. He also pointed out that while the industrial sector represents 4.6% of Panama\u2019s GDP, it has maintained an average growth rate of 8% over the past 24 years.<\/p><p>\u00a0<\/p><p>He explained that this decline is partly due to the expansion of the Panama Canal being incorporated into the country&#8217;s economic structure, both before and after the project, similar to what happened with the mining industry, among other cases.<\/p><p>\u00a0<\/p><h3><strong>Export Challenges<\/strong><\/h3><p>Bianca Mor\u00e1n, President of the Panamanian Exporters Association (APEX), stated that although exports increased in 2024, the figures still do not compare to those from the last decade, before Panama signed the FTA with the United States, when exports were significantly higher.<\/p><p>\u00a0<\/p><p>According to Mor\u00e1n, Panama must comply with international export agreements to ensure the quality of Panamanian products is recognized. To achieve this, she emphasized the need to develop a national brand, strengthen the export sector, and improve workforce training.<\/p><p>\u00a0<\/p><p>\u00abThe support we have received for exports has always been closely tied to the government in power. We would like to have access to an institution like other countries do, as well as a diplomatic body capable of promoting Panamanian production,\u00bb she stated.<\/p><p>\u00a0<\/p><h3><strong>Urgent Need for Agro-Industrial Transformation<\/strong><\/h3><p>While Panama has the potential to develop sectors such as pineapple, palm, cocoa, and fish, SIP President Montenegro admitted that the country lags behind others in the region in agro-industrial transformation. This is partly because Panama still dedicates a significant portion of its land to less competitive crops such as rice and corn.<\/p><p>\u00a0<\/p><p>\u00abWith bananas and plantains alone, we barely hold 5% of the market share. Everyone talks about the richness of our land, both in Puerto Armuelles and Bocas del Toro, but then we ask ourselves\u2014what are we waiting for?\u00bb Montenegro emphasized.<\/p><p>\u00a0<\/p><p>APEX President Mor\u00e1n reinforced that \u00abfor exports to be facilitated, there must be clear rules that allow all industrial sectors to increase their exports. This includes having a strong market strategy, modernizing the system, and increasing the number of skilled workers.\u00bb According to SIP\u2019s report, only 7.5% of university graduates are linked to the industrial sector.<\/p><p>\u00a0<\/p><p>\u00abWe must align our production with global market demands, not the other way around. We need to identify market niches,\u00bb Mor\u00e1n stated.<\/p><p>\u00a0<\/p><p>An example of this, according to SIP President Montenegro, is the opportunity Panama has in the agri-food industry, pharmaceuticals, and integration into the semiconductor value chain, particularly in light of the growing nearshoring trend.<\/p><p>\u00a0<\/p><p>He also stressed the importance of developing a multisectoral national strategy that directs advanced education towards these industries while prioritizing and strengthening ProPanam\u00e1.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-20ddd69\" data-id=\"20ddd69\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62fabb6 elementor-widget elementor-widget-image\" data-id=\"62fabb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1729\" height=\"118\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40.png\" class=\"attachment-full size-full wp-image-6425\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40.png 1729w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-300x20.png 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-1024x70.png 1024w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-768x52.png 768w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-1536x105.png 1536w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-600x41.png 600w\" sizes=\"(max-width: 1729px) 100vw, 1729px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea28995 elementor-search-form--skin-classic elementor-search-form--button-type-icon elementor-search-form--icon-search elementor-widget elementor-widget-search-form\" data-id=\"ea28995\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;skin&quot;:&quot;classic&quot;}\" data-widget_type=\"search-form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<search role=\"search\">\n\t\t\t<form class=\"elementor-search-form\" action=\"https:\/\/ecotopiateak.com\" method=\"get\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-search-form__container\">\n\t\t\t\t\t<label class=\"elementor-screen-only\" for=\"elementor-search-form-ea28995\">Buscar<\/label>\n\n\t\t\t\t\t\n\t\t\t\t\t<input id=\"elementor-search-form-ea28995\" placeholder=\"Search...\" class=\"elementor-search-form__input\" type=\"search\" name=\"s\" value=\"\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<button class=\"elementor-search-form__submit\" type=\"submit\" aria-label=\"Buscar\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-search\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/form>\n\t\t<\/search>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa8d2e4 elementor-widget elementor-widget-heading\" data-id=\"aa8d2e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">About us <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48c2f41 elementor-widget elementor-widget-text-editor\" data-id=\"48c2f41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c5f46d elementor-shape-circle elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"8c5f46d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook-f elementor-repeater-item-0d1bf11\" href=\"https:\/\/www.facebook.com\/Ecotopiateak\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Facebook-f<\/span>\n\t\t\t\t\t\t<i 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elementor-posts--skin-classic elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7258 post type-post status-publish format-standard has-post-thumbnail hentry category-environment\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/04\/21\/wood-producers-call-for-relaxed-regulations-to-reactivate-the-sector\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"191\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-300x191.jpg\" class=\"attachment-medium size-medium wp-image-7259\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-300x191.jpg 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-768x488.jpg 768w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-600x381.jpg 600w, 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has-post-thumbnail hentry category-economy\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-300x169.webp\" class=\"attachment-medium size-medium wp-image-7250\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-300x169.webp 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-600x338.webp 600w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027.webp 700w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" >\n\t\t\t\tPanamanian exports, shielded from Trump&#8217;s tariff policies\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" aria-label=\"M\u00e1s informaci\u00f3n sobre Panamanian exports, shielded from Trump&#8217;s tariff policies\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7242 post type-post status-publish format-standard has-post-thumbnail hentry category-economy\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-300x169.webp\" class=\"attachment-medium size-medium wp-image-7243\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-300x169.webp 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-600x338.webp 600w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp 700w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" >\n\t\t\t\tSIP and APEX demand clear rules in Panama to establish themselves in the market.\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" aria-label=\"M\u00e1s informaci\u00f3n sobre SIP and APEX demand clear rules in Panama to establish themselves in the market.\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07e75d6 elementor-widget elementor-widget-video\" data-id=\"07e75d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=ILhHzkXfWak&amp;t=4s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>APEX: Panamanian Exporters Association SIP: Panama Industrial Union The guilds agreed that the country has focused more on being an importer rather than an exporter. They insist that Free Trade Agreements have not been fully utilized either. \u00a0 Panama is lagging behind in key areas to boost the local industry and attract Foreign Direct Investment (FDI), such as institutional strength and human capital, according to the 2025 Annual Economic Report of the Panama Industrial Union (SIP). \u00a0 The report, titled Competitiveness and Growth: The Future of the Industrial Sector Amid New Economic Challenges, states that regional competition to attract FDI has intensified, and Panama is not among the top competitors. \u00a0 It details that in 2022, most of the FDI entering Panama came from the service sector, totaling $2.268 billion\u2014 a low figure compared to the $3.422 billion generated by the Dominican Republic in 2023. Similarly, FDI in manufacturing in Panama reached only $331 million in 2022, whereas Costa Rica managed $2.592 billion in 2023. \u00a0 During the presentation of the report, SIP President Ra\u00fal Montenegro criticized the fact that, despite the industrial sector being largely concentrated in food production (53%), Panama has become an importer of agri-food products instead of an exporting country. \u00a0 He explained that, according to the study, over the past 21 years, exports have dropped from $804 million to $402 million, while imports have risen from $595 million to $1.132 billion. \u00a0 Montenegro stated that while the decline in exports can be observed by sector, the report shows that fish and seafood exports were around $413 million, but in 10 years, they have dropped to just over $152 million. \u00a0 Free Trade Agreements (FTAs) He also argued that the current export issue is due to Panama\u2019s poor utilization of Free Trade Agreements (FTAs). \u00a0 \u00abPanama has signed more than 20 FTAs. And what has that accomplished? Instead, we have been flooded with imports. We have made it clear to the President of the Republic, Jos\u00e9 Ra\u00fal Mulino, that we want to compete on equal terms. If other countries are doing it, we can do it too,\u00bb Montenegro stated. He also pointed out that while the industrial sector represents 4.6% of Panama\u2019s GDP, it has maintained an average growth rate of 8% over the past 24 years. \u00a0 He explained that this decline is partly due to the expansion of the Panama Canal being incorporated into the country&#8217;s economic structure, both before and after the project, similar to what happened with the mining industry, among other cases. \u00a0 Export Challenges Bianca Mor\u00e1n, President of the Panamanian Exporters Association (APEX), stated that although exports increased in 2024, the figures still do not compare to those from the last decade, before Panama signed the FTA with the United States, when exports were significantly higher. \u00a0 According to Mor\u00e1n, Panama must comply with international export agreements to ensure the quality of Panamanian products is recognized. To achieve this, she emphasized the need to develop a national brand, strengthen the export sector, and improve workforce training. \u00a0 \u00abThe support we have received for exports has always been closely tied to the government in power. We would like to have access to an institution like other countries do, as well as a diplomatic body capable of promoting Panamanian production,\u00bb she stated. \u00a0 Urgent Need for Agro-Industrial Transformation While Panama has the potential to develop sectors such as pineapple, palm, cocoa, and fish, SIP President Montenegro admitted that the country lags behind others in the region in agro-industrial transformation. This is partly because Panama still dedicates a significant portion of its land to less competitive crops such as rice and corn. \u00a0 \u00abWith bananas and plantains alone, we barely hold 5% of the market share. Everyone talks about the richness of our land, both in Puerto Armuelles and Bocas del Toro, but then we ask ourselves\u2014what are we waiting for?\u00bb Montenegro emphasized. \u00a0 APEX President Mor\u00e1n reinforced that \u00abfor exports to be facilitated, there must be clear rules that allow all industrial sectors to increase their exports. This includes having a strong market strategy, modernizing the system, and increasing the number of skilled workers.\u00bb According to SIP\u2019s report, only 7.5% of university graduates are linked to the industrial sector. \u00a0 \u00abWe must align our production with global market demands, not the other way around. We need to identify market niches,\u00bb Mor\u00e1n stated. \u00a0 An example of this, according to SIP President Montenegro, is the opportunity Panama has in the agri-food industry, pharmaceuticals, and integration into the semiconductor value chain, particularly in light of the growing nearshoring trend. \u00a0 He also stressed the importance of developing a multisectoral national strategy that directs advanced education towards these industries while prioritizing and strengthening ProPanam\u00e1. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles<\/p>\n","protected":false},"author":1,"featured_media":7243,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_joinchat":[],"footnotes":""},"categories":[14],"tags":[],"class_list":["post-7242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SIP and APEX demand clear rules in Panama to establish themselves in the market. &#8211; Ecotopia Teak<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIP and APEX demand clear rules in Panama to establish themselves in the market. &#8211; Ecotopia Teak\" \/>\n<meta property=\"og:description\" content=\"APEX: Panamanian Exporters Association SIP: Panama Industrial Union The guilds agreed that the country has focused more on being an importer rather than an exporter. They insist that Free Trade Agreements have not been fully utilized either. \u00a0 Panama is lagging behind in key areas to boost the local industry and attract Foreign Direct Investment (FDI), such as institutional strength and human capital, according to the 2025 Annual Economic Report of the Panama Industrial Union (SIP). \u00a0 The report, titled Competitiveness and Growth: The Future of the Industrial Sector Amid New Economic Challenges, states that regional competition to attract FDI has intensified, and Panama is not among the top competitors. \u00a0 It details that in 2022, most of the FDI entering Panama came from the service sector, totaling $2.268 billion\u2014 a low figure compared to the $3.422 billion generated by the Dominican Republic in 2023. Similarly, FDI in manufacturing in Panama reached only $331 million in 2022, whereas Costa Rica managed $2.592 billion in 2023. \u00a0 During the presentation of the report, SIP President Ra\u00fal Montenegro criticized the fact that, despite the industrial sector being largely concentrated in food production (53%), Panama has become an importer of agri-food products instead of an exporting country. \u00a0 He explained that, according to the study, over the past 21 years, exports have dropped from $804 million to $402 million, while imports have risen from $595 million to $1.132 billion. \u00a0 Montenegro stated that while the decline in exports can be observed by sector, the report shows that fish and seafood exports were around $413 million, but in 10 years, they have dropped to just over $152 million. \u00a0 Free Trade Agreements (FTAs) He also argued that the current export issue is due to Panama\u2019s poor utilization of Free Trade Agreements (FTAs). \u00a0 \u00abPanama has signed more than 20 FTAs. And what has that accomplished? Instead, we have been flooded with imports. We have made it clear to the President of the Republic, Jos\u00e9 Ra\u00fal Mulino, that we want to compete on equal terms. If other countries are doing it, we can do it too,\u00bb Montenegro stated. He also pointed out that while the industrial sector represents 4.6% of Panama\u2019s GDP, it has maintained an average growth rate of 8% over the past 24 years. \u00a0 He explained that this decline is partly due to the expansion of the Panama Canal being incorporated into the country&#8217;s economic structure, both before and after the project, similar to what happened with the mining industry, among other cases. \u00a0 Export Challenges Bianca Mor\u00e1n, President of the Panamanian Exporters Association (APEX), stated that although exports increased in 2024, the figures still do not compare to those from the last decade, before Panama signed the FTA with the United States, when exports were significantly higher. \u00a0 According to Mor\u00e1n, Panama must comply with international export agreements to ensure the quality of Panamanian products is recognized. To achieve this, she emphasized the need to develop a national brand, strengthen the export sector, and improve workforce training. \u00a0 \u00abThe support we have received for exports has always been closely tied to the government in power. We would like to have access to an institution like other countries do, as well as a diplomatic body capable of promoting Panamanian production,\u00bb she stated. \u00a0 Urgent Need for Agro-Industrial Transformation While Panama has the potential to develop sectors such as pineapple, palm, cocoa, and fish, SIP President Montenegro admitted that the country lags behind others in the region in agro-industrial transformation. This is partly because Panama still dedicates a significant portion of its land to less competitive crops such as rice and corn. \u00a0 \u00abWith bananas and plantains alone, we barely hold 5% of the market share. Everyone talks about the richness of our land, both in Puerto Armuelles and Bocas del Toro, but then we ask ourselves\u2014what are we waiting for?\u00bb Montenegro emphasized. \u00a0 APEX President Mor\u00e1n reinforced that \u00abfor exports to be facilitated, there must be clear rules that allow all industrial sectors to increase their exports. This includes having a strong market strategy, modernizing the system, and increasing the number of skilled workers.\u00bb According to SIP\u2019s report, only 7.5% of university graduates are linked to the industrial sector. \u00a0 \u00abWe must align our production with global market demands, not the other way around. We need to identify market niches,\u00bb Mor\u00e1n stated. \u00a0 An example of this, according to SIP President Montenegro, is the opportunity Panama has in the agri-food industry, pharmaceuticals, and integration into the semiconductor value chain, particularly in light of the growing nearshoring trend. \u00a0 He also stressed the importance of developing a multisectoral national strategy that directs advanced education towards these industries while prioritizing and strengthening ProPanam\u00e1. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecotopia Teak\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Ecotopiateak\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-05T13:49:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-06T14:23:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"market\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"market\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\"},\"author\":{\"name\":\"market\",\"@id\":\"https:\/\/ecotopiateak.com\/#\/schema\/person\/b1240cef050be359d037be516f6ac6c9\"},\"headline\":\"SIP and APEX demand clear rules in Panama to establish themselves in the market.\",\"datePublished\":\"2025-03-05T13:49:42+00:00\",\"dateModified\":\"2025-03-06T14:23:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\"},\"wordCount\":874,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ecotopiateak.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\",\"url\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\",\"name\":\"SIP and APEX demand clear rules in Panama to establish themselves in the market. &#8211; 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Ecotopia Teak","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/","og_locale":"es_ES","og_type":"article","og_title":"SIP and APEX demand clear rules in Panama to establish themselves in the market. &#8211; Ecotopia Teak","og_description":"APEX: Panamanian Exporters Association SIP: Panama Industrial Union The guilds agreed that the country has focused more on being an importer rather than an exporter. They insist that Free Trade Agreements have not been fully utilized either. \u00a0 Panama is lagging behind in key areas to boost the local industry and attract Foreign Direct Investment (FDI), such as institutional strength and human capital, according to the 2025 Annual Economic Report of the Panama Industrial Union (SIP). \u00a0 The report, titled Competitiveness and Growth: The Future of the Industrial Sector Amid New Economic Challenges, states that regional competition to attract FDI has intensified, and Panama is not among the top competitors. \u00a0 It details that in 2022, most of the FDI entering Panama came from the service sector, totaling $2.268 billion\u2014 a low figure compared to the $3.422 billion generated by the Dominican Republic in 2023. Similarly, FDI in manufacturing in Panama reached only $331 million in 2022, whereas Costa Rica managed $2.592 billion in 2023. \u00a0 During the presentation of the report, SIP President Ra\u00fal Montenegro criticized the fact that, despite the industrial sector being largely concentrated in food production (53%), Panama has become an importer of agri-food products instead of an exporting country. \u00a0 He explained that, according to the study, over the past 21 years, exports have dropped from $804 million to $402 million, while imports have risen from $595 million to $1.132 billion. \u00a0 Montenegro stated that while the decline in exports can be observed by sector, the report shows that fish and seafood exports were around $413 million, but in 10 years, they have dropped to just over $152 million. \u00a0 Free Trade Agreements (FTAs) He also argued that the current export issue is due to Panama\u2019s poor utilization of Free Trade Agreements (FTAs). \u00a0 \u00abPanama has signed more than 20 FTAs. And what has that accomplished? Instead, we have been flooded with imports. We have made it clear to the President of the Republic, Jos\u00e9 Ra\u00fal Mulino, that we want to compete on equal terms. If other countries are doing it, we can do it too,\u00bb Montenegro stated. He also pointed out that while the industrial sector represents 4.6% of Panama\u2019s GDP, it has maintained an average growth rate of 8% over the past 24 years. \u00a0 He explained that this decline is partly due to the expansion of the Panama Canal being incorporated into the country&#8217;s economic structure, both before and after the project, similar to what happened with the mining industry, among other cases. \u00a0 Export Challenges Bianca Mor\u00e1n, President of the Panamanian Exporters Association (APEX), stated that although exports increased in 2024, the figures still do not compare to those from the last decade, before Panama signed the FTA with the United States, when exports were significantly higher. \u00a0 According to Mor\u00e1n, Panama must comply with international export agreements to ensure the quality of Panamanian products is recognized. To achieve this, she emphasized the need to develop a national brand, strengthen the export sector, and improve workforce training. \u00a0 \u00abThe support we have received for exports has always been closely tied to the government in power. We would like to have access to an institution like other countries do, as well as a diplomatic body capable of promoting Panamanian production,\u00bb she stated. \u00a0 Urgent Need for Agro-Industrial Transformation While Panama has the potential to develop sectors such as pineapple, palm, cocoa, and fish, SIP President Montenegro admitted that the country lags behind others in the region in agro-industrial transformation. This is partly because Panama still dedicates a significant portion of its land to less competitive crops such as rice and corn. \u00a0 \u00abWith bananas and plantains alone, we barely hold 5% of the market share. Everyone talks about the richness of our land, both in Puerto Armuelles and Bocas del Toro, but then we ask ourselves\u2014what are we waiting for?\u00bb Montenegro emphasized. \u00a0 APEX President Mor\u00e1n reinforced that \u00abfor exports to be facilitated, there must be clear rules that allow all industrial sectors to increase their exports. This includes having a strong market strategy, modernizing the system, and increasing the number of skilled workers.\u00bb According to SIP\u2019s report, only 7.5% of university graduates are linked to the industrial sector. \u00a0 \u00abWe must align our production with global market demands, not the other way around. We need to identify market niches,\u00bb Mor\u00e1n stated. \u00a0 An example of this, according to SIP President Montenegro, is the opportunity Panama has in the agri-food industry, pharmaceuticals, and integration into the semiconductor value chain, particularly in light of the growing nearshoring trend. \u00a0 He also stressed the importance of developing a multisectoral national strategy that directs advanced education towards these industries while prioritizing and strengthening ProPanam\u00e1. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. 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Panamanian Exporters Association SIP: Panama Industrial Union The guilds agreed that the country has focused more on being an importer rather than an exporter. 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