Panama looking to become regional leader
Panama, which has already announce measures to promote foreign direct investment, is now seeking to become the regional leader and take lead over its main rival which, in this regard, is Costa Rica.
Friday, September 12, 2008
Immigration policies implement four years ago by the Government, as will as the elimination of bureaucracy and quicker procedures, and legislation to speed up the establishment of business, have been successful in slowly replacing Costa Rica with regards to attraction of investment.
Foreign Direct Investment (FDI) that entered Panama during the first half of the year reached $100 million.
This year the flow of Foreign Direct Investment (FDI) continued its upward trend, which has been maintained for the last 8 years.
In the first half of the year the country received $199 million more than in the same period last year.
During the first quarter of 2013, foreign direct investment totaled $440.8 million, and if this pace is kept up, the year could close at $1.5 billion.
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