Panamanian Ports Reject Comparison Law
The ports argue that the new law, dubbed "equiparación" in Spanish, will make the port system less competitive.
Wednesday, July 29, 2009
According to spokespersons from the ports of Balboa, Manzanillo International Terminal, Colón Container Terminal and Cristóbal, further dialogue is needed for a solution that benefits both sides.
As the government negotiates with port operators, the Assembly decided to put this law, dubbed "equiparación" in Spanish, on hold.
The Industries, Commerce and Agriculture Chamber issued a statement requesting a veto of the initiative, known as "Equiparación" in Spanish.
The government of Panama informed that they will carry on retaking concessions not authorized by law.
The bill nullifies the validity of the modification arrangements or equivalents for the concession contracts authorized by the state over the last decade.
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