The proposal seeks to make it easier to attract foreign investment in exploiting the country's untapped copper deposits.
The law currently in force in Panama relating to mining is from 1963 and Martinelli's government believes it contains provisions that hamper investments in the sector. These include prohibiting the granting of mining concessions to foreign governments, which the new law would not retain.
Before the president of South Korea, Panamanian president Martinelli spoke of the isthmus’ privileged geographic location to attract Asian investment.
At the XXXV Summit of Heads of State of the Central American Integration System (SICA), Ricardo Martinelli noted that the region could become the gateway for Korean investment in Latin America. He promoted the development of production facilities from companies like LG, Hyundai and Kia, who already own important commercial operations in the region.
A meeting between the Central America Integration Secretary (SICA) and the Republic of Korea concluded with important agreements in regional cooperation, economy and security.
The Central American nations expressed their concern for the serious crime situation experienced in the region, and invited Korea to support the International Conference for Central America’s Security Strategy, planned for next year.
Constructora Celaque is a leader when it comes to construction of civil projects and mining in Honduras with more than 15 years of experience.
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