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Panama Ministry of Agriculture Development Delegation visits Dongguan
2019-04-04 09:03     Source : Dongguan Today

On 29th March, a delegation led by Eduardo ENEIQUE Carles (Panama's Minister of Agricultural Development) visited Dongguan's City Exhibition Hall, the World Dongguan Entrepreneurs Federation and the OPPO Company. Zhang Guanzi (Deputy Mayor of Dongguan) met with the delegation.

Zhang said that China is now vigorously promoting the construction of the Guangdong, Hong Kong and Macao Greater Bay Area to build a world-class city cluster. Dongguan, located at the crux of the east and west sides of the Greater Bay Area, has a natural geographical advantage. At present, Dongguan has established close economic and trade cooperation with more than 200 countries and regions. It has attracted more than 10,000 foreign-funded enterprises from more than 50 countries and regions, with an accumulated foreign investment of US$75 billion.

Zhang Guanzi (Deputy Mayor of Dongguan, R) met with the delegation led by Eduardo ENEIQUE Carles (Panama's Minister of Agricultural Development) on 29th March, 2019.

Zhang pointed out that to develop cooperation between Dongguan and Panama, each side should pay attention to combining their respective strengths. Dongguan, as a manufacturing city has strong industrial characteristics, and Panama has significant advantages in terms of raw materials and logistics in economic and trade. There is significant scope for cooperation in the fields of agricultural trade and production, agricultural machinery and industrialization. In shipping logistics, each side can make full use of Panama's natural geographical advantages, and tax-free convenience of the Cologne Free Trade Zone (the Zone). Should each side agree to establish a commodity trade platform in the Zone, Dongguan enterprises will be able to develop the Latin American market. Zhang hopes that Dongguan can also establish a good sister city relationship with cities in Panama and explore additional cooperation opportunities.

In 2018, the total trade volume between Dongguan city and Panama was 1.36 billion RMB, a year-on-year increase of 23.5%, accounting for 0.1% of the city's total import and export volume. In January 2019, Dongguan's exports to Panama totalled 160 million RMB, a year-on-year increase of 27.5%, accounting for 0.2% of the city's exports. Currently, there are 4 Panama-invested enterprises in the city, with an accumulated foreign investment of US$1.936 million, and an actual foreign investment of US$730,000. The Panamanian companies mainly focus on mouldings, eyewear, electronic equipment and metal tool manufacturing.

Editor: 譚晶
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