Panamanian Exporters Attentive
to US Crisis
Panama - Panamanian exporters are closely following the
evolution of the economic crisis in the United States, as sales to
that major trading partner might fall.
According to statistics published in the newspaper La Prensa, the US
market assimilates about 45 percent of Panamanian exports, estimated
at nearly 500 million dollars.
Representatives of the Panamanian entrepreneurial sector admitted
that some companies have been affected by a drastic decrease in
sales, amid a situation that has had a negative impact on such
sectors as fishing, agriculture and construction, among others.
As an example, they said that the firm Aluminios de Panama reported
a large drop in exports to the United States, so it is exploring
business opportunities in Central America. A similar situation is
affecting fresh fish suppliers, as consumption has decreased and the
demand for frozen fish has been reoriented.
However, processed marine food is cheaper than fresh fish, thus
affecting suppliers. |
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