The construction of the free trade area of panama was launched.
he ministry of commerce has announced the conclusion of the first meeting of the joint feasibility study group on china-panama free trade agreement in Beijing. This means that the china-panama free trade area construction process is officially launched. China and panama established diplomatic relations at ambassadorial level in June 2017. In November of the same year, during the President's visit to China, the two sides announced the launch of a joint feasibility study on free trade agreements. At present, China has formed a new pattern in the development of free trade zones in Latin America. In 2017, China's bilateral fta with Chile, Peru and costa rica is well implemented.