Wal-Mart Coming To Panama Thanks To Free Trade Agreement?
Monday, May 28 2012 @ 03:30 PM COT
Contributed by: Don Winner
Minister of Trade and Industries of Panama, Ricardo Quijano, today expressed confidence that the Free Trade Agreement between his country and the United States which is expected to be implemented in October will help to reduce the price of goods for all Panamanians. The official, who spoke on the subject in an interview with Telemetro, said there will be more competition when the new Free Trade Agreement is implemented, and this might affect the price of products. He said thanks to the agreement with the United States new products will be available in Panama, and he also said this will open the possibility and some retail and supermarket chains from the US such as Wal-Mart might come to Panama, focusing on improving prices. Asked about the government’s promise of Panamanian president Ricardo Martinelli to lower the cost of living, he said it is important for people people to know where to buy at better prices, and to use the facilities provided by the government to sell products. He acknowledged the effect of international oil price increases in the cost of living in the country, and expressed the hope that prices would be positively impacted due to the reductions that have occurred in recent days in the price of fuel. (Estrella)
Editor’s Comment: Man, I can’t wait to see the photos of “Walmart shoppers” taken in the Panamanian ver