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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

September 15, 2025

What Does a Deal With Chiquita Mean for Panama?

Panama’s government hopes a new agreement with Chiquita Brands will allow the company to return to full operations in the Central American country by February. // File Photo: Stockfotos-MG via Adobe Stock.

Q

A

José Miguel Alemán Healy, Panama’s ambassador to the United States: “The agreement with Chiquita Brands is a significant step for Panama. The company committed to investing approximately $30 million to restart operations in Bocas del Toro, enabling the recovery of up to 5,000 hectares of banana production and the rehiring of as many as 3,000 workers—initially for cleanup and recovery work, followed by harvesting and packing. Thousands of families in the region will once again benefit from a stable source of income; hundreds of suppliers and commerce in the area will likewise be affected positively. The goal is to be in operation by February 2026. The positive impact is clear. Bananas remain one of the country’s main agricultural exports. The agreement strengthens Bocas del Toro, helps reduce the trade deficit and reinforces Panama’s commitment to investment and rule of law. Illegal actions will not be tolerated, including the hijacking of syndicates as a cover for such purposes. It is clear that President Mulino’s government managed to turn a complicated…”

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