"Colombia and Panama are two complementary countries sharing similar business vision and historic identity, which creates synergies between our entrepreneurs".
With this statement, Gina Benedetti de Vélez, Colombian ambassador in Panama, summarizes the current economic relationship between both countries.
Trade balance and investment flows currently favor Colombia, but Panamanian entrepreneurs are eying the 44 million people country, which has made important progress in improving its business climate. According to the Doing Business 2010 ranking, Colombia is among the 10 countries making the most reforms to improve their ease of doing business.