The United States Department of Commerce, International Trade Administration, is organizing a Global Diversity Export Initiative (GDEI) Trade Mission to Panama, Costa Rica, and Colombia from March 10-15, 2024, that will include the Opportunities for Woman-Led Businesses in the Americas Conference in Panama City, Panama on March 10-11, 2024.
Recruitment and consideration will be extended to all export-ready U.S. companies, including small businesses, trade associations and other exporting organizations that meet the established criteria for participation in the mission. ITA is seeking to improve outreach and representation of businesses with owners and/or leaders from underserved communities, including through the GDEI.
When women trade, women succeed economically. With 95 percent of world consumers and 80 percent of world purchasing power outside of the United States, international trade is an untapped resource for women-owned businesses. Women-owned companies that trade and export earn more, create more jobs, stay in business longer and are more resilient to financial shocks than those relying exclusively on domestic markets.
This mission is focused on expanding export opportunities to U.S. small and medium-sized businesses that are founded, led, operated or owned by women from industries with growing potential in Panama, Costa Rica, and Colombia.
The mission is horizontal, with various sectors represented, based on best prospects for U.S. companies in Panama, Costa Rica and Colombia. Best prospect sectors are: Agricultural Products Automotive Parts, Accessories and Service Equipment; Construction Equipment; Cosmetics; Cybersecurity; Defense & Security; Disposable Medical Supplies; eCommerce; Education; Electric Power and Renewable Energy Systems; Information and Communication Technology (ICT); Infrastructure; Medical Devices and Equipment; Oil and Gas Exploration and Production Equipment; Processed Food and Beverages; Solar Energy Products; and Travel and Tourism.
The business conference will be held in Panama City, Panama on March 10-11, 2024, with a focus on tools, and resources to help women entrepreneurs and executives accelerate their exporting journey. There will also be prearranged one-on-one consultations with U.S. commercial officers and diplomats representing 18 countries in the Americas. U.S. Embassies participating in the event are from the following countries: Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Honduras, Jamaica, Mexico, Panama, Peru, The Bahamas and Uruguay.
After a firm or trade association is selected to participate on the mission, a payment to the Department of Commerce in the form of a participation fee is required. Up to two cities can be selected for business-to-business meetings.
$2,800 for small and medium enterprises (<500 employees)
$4,000 for large firms (>500 employees)
$3,800 for small and medium enterprises (<500 employees)
$5,000 for large firms (>500 employees)
Registration includes:
Participants selected for a trade mission will be expected to pay for the cost of personal expenses, including, but not limited to, international travel, lodging, meals, transportation, communication, and incidentals, unless otherwise noted. Participants will, however, be able to take advantage of U.S. Government rates for hotel rooms. In the event the mission is cancelled, no personal expenses paid in anticipation of a mission will be reimbursed. However, participation fees for a cancelled mission will be reimbursed to the extent they have not already been expended in anticipation of the mission.
If a visa is required to travel on a particular mission, applying for and obtaining such a visa will be the responsibility of the mission participant. Government fees and processing expenses to obtain such a visa are not included in the participation fee. However, the U.S. Department of Commerce will provide instructions to each participant on the procedures required to obtain business visas.
Trade mission members participate in trade missions and undertake mission-related travel at their own risk. The nature of the security situation in any given foreign market at a given time cannot be guaranteed. The U.S. Government does not make any representations or guarantees as to the safety or security of participants. The U.S. Department of State issues U.S. Government international travel alerts and warnings for U.S. citizens available at https://travel.state.gov/content/passports/en/alertswarnings.html.
Any question regarding insurance coverage must be resolved by the participant and its insurer of choice.
[1] For purposes of assessing participation fees, an applicant is a small or medium-sized enterprise (SME) if it qualifies under the Small Business Administration’s (SBA) size standards (https://www.sba.gov/document/support--table-size-standards), which vary by North American Industry Classification System (NAICS) Code. The SBA Size Standards Tool [https://www.sba.gov/size-standards/] can help you determine the qualifications that apply to your company.
Hotel Accommodations for the Business Conference in Panama:
Sheraton Grand Panama
Vía Israel y Calle 77,
San Francisco, Panama City, Panama, 0819-05896
Tel: +507 -3055100
Reservation Link with Event Special Rate Coming Soon
Hotel Accommodations in Costa Rica (B2Bs):
Real Intercontinental Costa Rica
Reservation Link with Special Rate will be sent to U.S. Companies selected for B2Bs in Costa Rica.
Hotel Accommodations in Colombia (B2Bs):
Hilton Bogota
Reservation Link with Special Rate will be sent to U.S. Companies selected for B2Bs in Colombia.
Visa/Travel Requirements
Travelers should ensure they have a valid passport to use when entering and departing each country. Your passport should have six months’ validity as well as one full blank page for each visa you are requesting. Please remember to sign all new passports before requesting a visa. For country specific information on visas and travel documents, please visit the website for U.S. Department of State - Bureau of Consular Affairs.
- Panama: No visa required. Required for entry: a return ticket to home country or onward destination.
- Costa Rica: No visa required for stays of less than 90 days. Required for entry: A Return ticket or proof of onward travel to another country.
- Colombia: Not required for stays 90 days or less. Travelers must complete Migración Colombia’s Online Check-Mig Form within 72 hours of boarding an inbound or outbound flight from Colombia. There is no fee to complete the form.
When travel Overseas:
· Enroll in the Smart Traveler Enrollment Program (STEP) to receive Alerts and make it easier to locate you in an emergency.
· Follow the Department of State on Facebook and Twitter.
· Review the Country Security Report
· Prepare a contingency plan for emergency situations. Review the Traveler’s Checklist.
· Visit the CDC page for the latest Travel Health Information related to your travel.
Currency Exchange Information (search the internet for current exchange rates)
Panama: U.S. Dollar or Panamanian Balboa (even exchange)
Costa Rica: Costa Rican Colón
Colombia: The Colombian Peso
For more information, please contact us at Trade.Americas@trade.gov
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