Panama Will Have an Investment Promotion Agency

The country will create an investment promotion agency similar to those of Chile and Singapore.

Friday, November 20, 2009

The announcement was made by Economy Minister Alberto Vallarino, while attending the National Competitiveness Forum.

Vallarino explained: "It will be similar to Singapore's in attracting and promoting investment, but similar to the agencies of Chile and Colombia in commercialization and fostering agriculture".

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A bill by the Morales administration in Guatemala proposes creating an agency that would manage issues of commercial promotion, competitiveness, investment attraction and country brand.

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The recently created Promotion Agency will focus on boosting sales of traditional export products.

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