Panama: Latin American Base for French Companies
French investment in Panama has reached $600 million and is projected to reach $1 billion in 2010.
Monday, March 9, 2009
An article by AFP in mipunto.com reported that the French ambassador to Panama, Pierre Henri Guignard, said: "Panama is a key player in the globalization of Latin America and our companies understand this."
The removal from the OECD’s gray list and the signing of a tax information treaty with France has led French companies, such as Alstom, to renew their interest in Panama.
The French government has approved a bill to formalize the double taxation agreement with Panama.
The new business entity seeks to convene 100 companies in two years, and foster business development, trade and investment between Panama and the European country.
The French market for organic products grew by 10% in 2011, despite the crisis.
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