Panama, Costa Rica and Dominican Republic to promote trade in the “Caribbean Triangle”.

The Foreign Ministers of Panama, Costa Rica and the Dominican Republic will meet in a new space for dialogue called the “Caribbean Triangle” to develop joint strategies to address the economic, political and social situation in the region, announces the Panamanian Foreign Ministry.

This tripartite alliance, based on principles of promotion of democracy and respect for human rights, will seek to promote trade opportunities in the area as a development bloc, promotion of special development zones and defense of the legislation that accompanies them, in addition to innovative proposals such as ‘nearshoring’, to attract investment.

Among other topics, the competitiveness of Panama’s free trade zones, their logistic structures and their historical trajectory will be addressed, which are the core of the agenda of this Caribbean ‘troika’ of mutual support and exchange of good practices and successful experiences.

Meanwhile, on multilateral matters, they will discuss the commitments and objectives of regional forums such as the Central American Integration System (SICA), the Community of Latin American and Caribbean States (CELAC), the Organization of American States (OAS), the Ibero-American General Secretariat (SEGIB) and the Association of Caribbean States (ACS).

In addition to the Ministers of Foreign Affairs of the three countries invited: Erika Mouynes, from Panama; Roberto Álvarez Gil, from the Dominican Republic; and Rodolfo Solano Quirós, from Costa Rica, the respective Ministers of Foreign Trade of each country will also participate in the meeting. Panama will be represented by Vice Minister Juan Carlos Sosa.

“With this meeting, Panama will continue to position itself as an articulating country in the region, favoring new spaces for rapprochement and political ties, reinforcing its commitment to regional security, environmental protection and global agreements to minimize the effects of climate change,” he said.

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