Panama: Comparison Law in Hold
As the government negotiates with port operators, the Assembly decided to put this law, dubbed "equiparación" in Spanish, on hold.
Friday, August 28, 2009
José Blandón, from the Treasury Commission, stated that "...this negotiations could imply making modifications to the original project".
The ports argue that the new law, dubbed "equiparación" in Spanish, will make the port system less competitive.
The bill nullifies the validity of the modification arrangements or equivalents for the concession contracts authorized by the state over the last decade.
The government of Panama informed that they will carry on retaking concessions not authorized by law.
The Industries, Commerce and Agriculture Chamber issued a statement requesting a veto of the initiative, known as "Equiparación" in Spanish.
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