The evidence that the process of this reform has started are the four decrees on labor regulations that were issued by the departing administration.
The loan conditions from the World Bank, demands from the United States, and compliance of the commitments adopted with the International Labour Organization are listed as the reasons that that it is critical to adopt necessary adjustments to labor regulations.
Panamanian businessmen want to prevent the new regulations from making the country less competitive in the region.
Proposed changes include reviewing Sundays as the only free day, extra time, and wages tied to productivity.
“Alfredo Burgos, head of the National Private Enterprise Council (CONEP), and Juan Francisco Kiener, president of the Industrial Association both favor allowing other free days other than Sundays and intend to make the same modification to tax free zones regulations”.
Reports of an agreement with the Honduran government over the admission of 4,000 construction workers from the country has been denied in Panama.
Alma Cortez, Minister of Labour and Labour Development of Panama (MITRADEL), denied the signing of an agreement for 4,000 Honduran construction workers being allowed to work on projects such as the Canal expansion.
The signing of the agreement of reciprocal protection is intended to expand economic cooperation and stimulate investment.
In its website, Dialogo Ciudadano publishes: "Said agreement contains measures and clauses designed to protect, at international law level, investments carried out on behalf of each state, reducing the legal and political uncertainty factors that sometimes affect the development of projects."
Panamanian and Italian government authorities signed an Investment Promotion and Protection agreement.
LaEstrella.com.pa publishes: "Both chancellors manifested high satisfaction for signing the agreement, stating that it will generate a favorable environment and legal framework for investments and activities by companies from both countries."
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