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Canada–Panama relations are foreign relations between Canada and Panama. The two countries established diplomatic relations in 1961. [1] Canada has an embassy in Panama City which was opened in 1995. [2] [3] Prior to that date, the resident Canadian ambassador in Costa Rica has concurrent accreditation in Panama. [1] [2] Panama has an embassy in Ottawa and general consulates in Montreal, Toronto and Vancouver. [4] Both countries are full members of the Organization of American States.
In August 2009, Canadian Prime Minister Stephen Harper and Panamanian President Ricardo Martinelli signed a bilateral free trade agreement known as the Canada–Panama Free Trade Agreement. [2] [5] It was formally ratified by the Parliament of Canada three years later and entered into force on April 1, 2013. [6] In 2010, 2011 and 2012, the total yearly trade between the two countries was estimated to be between 200M$ and 250M$. [2] [7]
In 2008, Canada and Panama made an air transport agreement. This agreement put into place a new, modern framework for scheduled air services between Canada and Panama. This agreement is responsible for increase tourism since 2008, between Canada and Panama. [8]