Republic of Panama and the People’s Republic of China have signed an agreement
on maritime transport, in presence of China’s president Xi Jiping and Panama’s
president Juan Carlos Varela, during his first visit to this country after establishing
diplomatic relations, according to Panama Ship Registry.
by Panama’s Minister of Maritime Affairs Jorge Barakat and Chinese Minister of
Transport Li Xiaopeng, the agreement highlights a milestone in the relations of
Panamanian and Chinese maritime sectors as it will enhance the cooperation and
development in the traffic of commercial vessels between both countries for
facilitating cargo and passengers transport.
Barakat who is also the administrator of the Panama Maritime Authority, said
that this agreement “will help promoting maritime and ports development of
Panama and China, strengthen the Panama Ship Registry and will support the
Chinese Maritime Authority in the maritime safety issues of Panama-flagged
vessels that sail in its waters.”
convinced that it will mark the commencement of a fruitful cooperation for
China and Panama maritime sectors that will benefit from this accord, opening a
new era or our Ship Registry which is granted ‘the Most Favoured Nation’ treatment
with regards to access of ports,” Barakat added.
on, Panama-flagged vessels will enjoy the advantages and lower port costs
applicable to other States which have similar agreements with China. The accord
includes transfer of knowledge and technical control of the documentation of
ships and crews on board Panamanian vessels.
increase the participation of Chinese seamen aboard Panamanian ships and
recognize several maritime training centers from China as part of our
international expansions strategy,” said Minister Barakat.
also be able to register shipping companies and Chinese vessels, directly in
the main maritime cities of the People’s Republic of China, including the
registration services of naval mortgages and property titles and with full
diplomatic relations Panama will be qualified to establish technical offices in
China for the control of maritime safety and navigation of its vessels, since
Panama is going to open several consulates in China.