Panama and Italy sign Agreement on Investment
Panamanian and Italian government authorities signed an Investment Promotion and Protection agreement.
Monday, February 9, 2009
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."
Both countries agreed to foster and protect investments by the other countries.
The Finnish delegation that will meet with the government will analyze the advantages and opportunities to invest in Panama.
The signing of the agreement of reciprocal protection is intended to expand economic cooperation and stimulate investment.
The government transition in Panama has caused Italian president Silvio Berlusconi to reinforce its cooperation support.
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