Recently, the governments of the People's Republic of China and Panama signed agreements about civil aerial transport, which establish the basis to define routes for commercial or cargo flights between the two countries; and about maritime affairs, where Panama received the status of "Most Favored Nation", as well as benefits in port fees, and preferential treatment for ships with Panamanian flag that arrive at ports in the People's Republic of China.
Also, start a feasibility study for Free Trade Agreement (FTA) negotiations, the objective of which is to promote and facilitate commercial relations, taking advantage of the benefits and synergies between the two economies. During the visit of China's Minister of Commerce, Zhong Chan, to Panama at the beginning of this past month of December, it was agreed that the feasibility study for the FTA would commence at the beginning of the year 2018; and both countries hope to launch FTA negotiations by the middle of this same year.
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