The Free Trade Agreement with Guatemala added to those with Taiwan, Singapore, Chile, Costa Rica, and Honduras.
The group of countries that allow a wide variety of tariff-free Panamanian products through free trade agreements will be expanded with the ratification of the agreement with Nicaragua, creating a larger network of favorable markets. This can offset the decline in revenues caused by the global crisis.
Despite rapid development in recent years, there remain serious obstacles in order to progress beyond what has been achieved in Panama.
These obstacles are structural defects that have to be corrected, such as the inefficiency of public administration, people with low education, lack of skilled labor, regions far away from the capital lacking basic services and serious problems in transportation and health.
Truism: management practices for businesses during times of crisis cannot be the same as those used during boom times.
Even though Panama appears to be doing a better job of dealing with the global crisis compared to other countries in the region, signs of a slowdown are clear. Commercial activity has decreased nearly 10% in the first quarter of 2009.
Panamá Pacífico with thousands of interested visitors to its stand in Expocomer 2010, not only offered the Key Note speech of thursday, but launched the residential phase of this great development on the banks of the Panama Canal
Latin America's first multinational integrated infocommunication services provider has invested $2.2 million in the development of its corporate presence in the Colombian market. The amount invested will increase to $5.2 million in...