“Most Favored Nation” Status – Panama

Since May 17, 2018 Panamanian-flagged ships enjoy  the “most favored nation” status in China, which allow them to take advantage of low tariffs, high import quotas and other preferential rates when calling upon Chinese ports.

The agreement also stipulates reciprocal recognition of the titles granted by Panama and China, the guarantee of navigation safety and environment protection, and the technological and scientific information exchange.

Request more information to our Maritime Law specialists: Maria Teresa Diaz, Belisario Porras, Nadya Price and Enrique Sibauste.