President  Enrique Peña Nieto welcomed President of Panama Juan Carlos Varela Rodríguez, currently on an official visit.

This is the first official visit by President Juan Carlos Varela, who has visited Mexico three times during his administration.

Panama is a regional hub which Mexico leverages to strengthen the presence of its products and services in the region.

The Panamanian president will attend a private meeting with President Enrique Peña Nieto and another with the respective delegations to review the extensive bilateral agenda.

 Key issues include: migration, security, economic projects and cooperation.

Economic relations

  • In 2015, trade with Panama stood at $1,163.2 billion USD, making it Mexico’s fourth largest trading partner in Central America and the second largest destination of our exports in the region.
  • Panama is the 4th largest Latin American and Caribbean investor and the largest Central American investor in Mexico.
  • Foreign direct investment in Panama to our country from 1999 to September 2015 totaled $1.0518 billion USD.

Fact Sheet

Official Name: Republic of Panama

Capital: Panama City

Population 3,913,275 inhabitants (2015)

Language: Spanish

Area: 75,420 sq. km

Form of government: Republic

Based on SRE data