Panama: Investments and FTA needs qualified labor
Panama may lose a lot of foreign investments due to the lack of qualified personnel for specialized jobs, even though it has the infrastructure and an excellent location for doing business.
Monday, December 1, 2008
"It must be noted that there are many things working in Panama's favor with the FTA's and these represent an increase in exports, and the country has manage to attract a lot of foreign investments," indicated Alejandro Ferrer, ex minister of Trade and Industry.
A lack of qualified personnel, an aging population and legal obstacles preventing the hiring of foreigners are impacting on the competitiveness of businesses.
The shortage of skilled labor has led Panamanian companies to get creative when recruiting staff.
The large infrastructure projects that have been announced will need to import human resources according to the demand created by such works.
Employers indicate greater difficulty in finding skilled labor.
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