On December 3rd, during President Xi Jinping’s first state visit to Panama, witnessed by the two heads of states, Chinese Minister of Commerce Zhong Shan and Panamanian Minister of Industry and Commerce Arosemena signed the Memorandum of Understanding on Electronic Commerce Cooperation Between the Ministry of Commerce of the People’s Republic of China and the Ministry of Industry and Commerce of the Republic of Panama in Panama city.
According to the Memorandum, the two sides will establish an e-commerce cooperation mechanism, strengthen cooperation in policy communication, enterprise docking, capacity building, etc., enhance the level of logistics and tourism services through e-commerce, jointly strengthen the cooperation of the “Silk Road E-commerce”, and further promote the steedy development of bilateral economy and trade.
China and Panama officially established diplomatic relations on June 13th, 2017, opening a new chapter in bilateral economy and trade relations. Over the past one and a half years since the establishment of diplomatic ties, bilateral economy and trade cooperation has achieved fruitful results. The two countries have broad prospects for cooperation under the framework of the “Belt and Road”. Undoubtedly, e-commerce will play an increasingly important role in bilateral economy and trade relations.
Up to now, China has signed memorandums on e-commerce cooperation with 17 key countries and has established bilateral e-commerce cooperation mechanisms with them. china’s partners have spread across five continents, and “Silk Road E-commerce” has become a new channel and new bright spot for economy and trade cooperation.
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