Panama is the gateway to Latin America for India, due to the Panama Canal and the logistics and transport hub, it is also a services hub.
Bilateral trade between Indian and Panama between April 2021 and March 2022 – the Indian fiscal year stood at over $640 million, with Indian exports amounting to $347.75 million while the Asian giant imported goods worth $292.4 million from the central American nation.
India’s major exports to Panama included minerals, clothes and fabrics, pharmaceutical products, electric equipment, and medical and surgical instruments, while it imported mainly iron and steel, teak and other wood, aluminum, mineral fuel, oils, wax and leather from Panama.
The long-awaited reforms in India have led to record Indian exports.
Indian project execution has grown across geographies and Made in India and Delivered by India are globally becoming realities.
Indian agriculture is making strides in yields, quality, and technology. This has external implications.