WTO Extends Incentives to Panamanian Industries
The export subsidy incentives for Panamanian companies, which would have expired in 2009, were extended until 2015.
Thursday, March 19, 2009
The incentives for the Official Registry of Panamanian Industry were extended until 2015 by the World Trade Organization, which attracts business investment.
The Government won't renew an export subsidy known as CAT ("Certificados de Abono Tributario").
A law project being developed by MICI includes tax breaks in exchange for industrial investment.
The initiative aims to expand the scope of the Law on Multinational Companies to provide the same benefits to industrial companies who export their entire production.
Food companies and those related to the construction industry have successfully managed to adapt to changes in the last few decades.
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