The Convention on Mutual Tax Assistance approved by the Assembly increases, from 30 to 107, the number of partner jurisdictions or nations with whom Panama can exchange information.
From a statement issued by the Ministry of Economy and Finance:
With Panama's accession to the Convention on Mutual Administrative Assistance in Tax Matters (MAC), the country has increased the number of partner jurisdictions or nations with which it can perform an exchange of information from 30 to 107.This measures reiterates the commitment to international standards of fiscal transparency, which is essential for protecting the integrity of the country as a service center.
The government could sign a cooperation agreement with the aerospace company for the project to expand the international terminal in San Salvador.
This is not the first time that representatives from the aviation sector have approached the government to propose the development of the Monseñor Romero airport , which is already operating above its capacity and limiting the development and growth of companies in the same sector and the country as an air hub for the airline Avianca.
President Hernández announced that the country will join an ambitious project which for now has not transcended the good but vague intentions of the Mexican government.
From a statement issued by the presidency of Guatemala:
The president of Honduras, Juan Orlando Hernandez, announced in Guatemala City that his country will join the pipeline project, whose construction is the result of a bilateral agreement between Guatemala and Mexico.
The Federation of Metropolitan Municipalities has renewed an agreement with the state power company to produce energy from solid waste and sell it for a period of 25 years.
This agreement was renewed despite the fact that there is still a moratorium in effect on power generation from waste, which it is estimated will be suspended in March, once the regulation governing this activity is ready. As part of the agreement, a waste processing plant will be built in the west of the capital, which is estimated to start operations in the next three years.
Representatives of the private sector in Panama and Chile have signed a cooperation agreement that evaluates the inclusion of new products and services in the trade agreement.
The private sector seeks to expand the scope of the first FTA signed by Panama with a South American country, exploring the possibility of adding more goods and services to those which already enjoy tariff privileges referred to in the agreement.
In Costa Rica a proposal has been made to implement free zone regimes linked to universities with internship programs in companies.
The Ministry of Foreign Trade of Costa Rica plans to implement free zone models in Guanacaste linked to universities such as the Earth and Invenio Universities, both located in areas which are far away from the greater metropolitan area. The plan by Minister Alexander Mora is to promote the attraction of investment in these areas offering the benefits of a free trade area linked to access to skilled labor.
A strike has been announced as part of the negotiation of a collective agreement, bringing risk to one of the most dynamic sectors of the Panamanian economy.
In the absence of an agreement between the Panamanian Chamber of Construction (CAPAC) and the Trade Union of Construction Workers and Similar (Suntracs) to sign the collective agreement, the union has announced strikes in the sector.
Signing of the treaty is aimed at improving the control of the criminal offenses committed through the Internet.
This week Panama became the second Latin American country after the Dominican Republic, to sign the European Convention on Cybercrime, the first international treaty on criminal offenses committed on the Internet.
The Electricity Transmission Company (Enatrel) requires Small Hydro Power stations (SHPs) to sign a cooperation agreement and grant a general power of business to the state. According statements by Lizeth Zuniga, executive director of the Renewable Energy Association to Laprensa.com.ni, the convention is being used as a form of "blackmail".
The U.S. has chosen Panama to be part of the Global Entry agreement which allows expedited entry into the airport in that country.
Tocumen International Airport is considered one of the safest in the region, one of the reasons leading to Panama being one of the countries chosen to form part of the bilateral agreement for trusted travelers known as Global Entry.
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