External Affairs Minister S Jaishankar has said that India is considering opening a logistics center for Indian companies in Panama. He said that India’s trade with Latin America is increasing and it is now about to reach $50 billion. Foreign Minister reached Panama on Monday. Before here he was on a tour of Guyana. He met Panama President Nieto Cortizo and congratulated him on behalf of Prime Minister Narendra Modi.
Cortijo said, during the meeting, they talked about their desire to tie up with the Indian pharmaceutical industry to get quality, effective and affordable medicines for the people of Panama. “We discussed a tie-up with the Indian pharmaceutical industry for quality, affordable and effective medicines for the people of Panama,” he said in a tweet.
Jaishankar also met Panama’s Foreign Minister Janaina Tevane Mencomo and discussed ways to strengthen bilateral ties. Later he interacted with the reporters. He said that New India and New Panama will work together in the contemporary era. Panama has established itself as a major logistics hub in Latin America.
He said that the trade between India and Latin America is about 50 billion dollars and is very diverse. This will be further boosted by a significant increase in investment in mining, power, agriculture and infrastructure sectors.