PANAMA CENTRAL AMERICA FREE TRADE AGREEMENTView of the negotiators from Central America and Peru that participate during the second round of negotiations for the signing of a Free Trade Agreement at a hotel in Panama City , Panama , 17 January 2011 . Trade authorities from Costa Rica , El Salvador , Guatemala , Honduras and Panama participate except Nicaragua . EPA / ALEJANDRO BOLIVAR < 뉴스 의 새 시대 , 연합뉴스 Live > < 모바일 애플리케이션 > < 포토 매거진 >< 저작권자 ( c ) 연합뉴스 . 무단 전재 - 재배 포금 지 . >