The two sides also discussed cooperation in multilateral fora

A review of India-Panama bilateral relations during the second Foreign Office Consultations in Wednesday saw discussions on issues ranging from trade and investment to space cooperation.

The two sides also discussed cooperation in multilateral fora, the Ministry of External Affairs (MEA) said on Thursday. The talks were held in Panama City.

According to the MEA, both sides comprehensively reviewed their bilateral relations, covering areas such as trade and investment, pharmaceuticals, ICT, capacity building, space cooperation, and consular issues.

Secretary (East) MEA Saurabh Kumar, represented India while Vice Minister of External Relations Vladimir A Franco Sousa represented Panama.

Later, Secretary (East) called on Panama's Foreign Minister Janaina Tewaney Mencomo who emphasized the need for the two countries to deepen their cooperation including in the economic domain.

She also expressed hope that Indian companies will make use of Panama’s locational and logistical advantage to do business in Americas.

Both sides decided to hold the subsequent round of negotiations in New Delhi on a mutually suitable date.

Panama and India have friendly and warm ties. The two nations' ties have existed since the middle of the 19th century, making them the oldest in Central America. In 1962, India and Panama formally established diplomatic relations.

Panama has the highest number of Indians living abroad in Central America, with around 8,000 people, including those of Indian descent. The relations between are further fostered by the recent multiple high-profile visits and increasing maritime cooperation.