UK: Double Trade with Panama & Colombia
Posted on 2017-09-01
The British Secretary for international trade, Liam Fox, will travel to Panama and Colombia to announce increases in support of financing offered by companies in the United Kingdom.
As part of the visit, Fox will announce support available from finance for export from the United Kingdom for the trade with the two markets doubled to 3,500 million pounds for Panama and 4,500 million pounds for Colombia, offering billions of pounds of additional financial support available to exporters and buyers of goods and services from the United Kingdom in these countries.
"Panama - with its strategically important Canal - is the economy's fastest growing in Latin America, and has averaged more than 7% annual growth in the last decade. "The United Kingdom is also the fourth largest investor in Panama, with companies using the country as a gateway to access markets across the Americas" said in a statement the British Embassy.
Fox will visit Colombia, which has the seventh highest growth rate of Latin America in the last decade, with an annual average increase of 4.6% in GDP.
"Out of the EU, it is a unique opportunity to build a more open and outside Britain and forge independent trade agreements with economies in growth around the world" said Fox.
He added that this is the reason that as the Department of international trade, are making available billions of pounds in additional financial support available to exporters and British buyers of goods and services from the United Kingdom in Panama and Colombia, opening up opportunities for British companies export".
As part of the visit, Fox will visit the Panama Canal.
Source: AN Panama
