Panama formally quits Parlacen

The Panamanian Vice President will travel to Guatemala to formalize the country's resignation to the Central American Parliament.

Monday, August 10, 2009

Ricardo Martinelli had announced his intention to abandon the Parliament since his presidential campaign. In his own words, Parlacen "does not represent any added value for Panama".

Juan Carlos Varela, Panamanian Vice President, insisted that Parlacen is "very different from the European Parliament, both economically and politically, in addition to the many differences that exist among Central American countries", according to an article by news agency Ansa Latina.

More on this topic

Panama: Still No Substitute for Vallarino

September 2011

The resignation of the Minister of Economy and Finance has caused global concern about the stability of the country's economic direction.

The recent rupture of the alliance between the ruling Democratic Change party and the Panameñista party following the dismissal as Foreign Minister of Juan Carlos Varela, Vice President and President of the Panamanian Party, sparked a series of immediate resignations, including that of the Minister of Economy and Finance, Alberto Vallarino.

Panama and Singapore Sign Tax Agreement

October 2010

The Panamanian government announced the signing of the agreement to avoid double taxation.

Vice President and Foreign Minister, Juan Carlos Varela, and the Minister of Foreign Affairs of Singapore, George Yeo, signed a Treaty for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to income taxes, the first such agreement signed with an Asian country.

Panamanian Assembly Approves Withdrawal from Parlacen

December 2009

With 39 votes in favor, the Assembly repealed international regulations related to the Central American Parliament (Parlacen).

The official withdrawal from the institution will take place on November 24th 2010, reported José Luis Varela, president of the Assembly.

He added "...

Panama Withdraws from PARLACEN

May 2009

President-elect Ricardo Martinelli announced that he intends for the country to withdraw from the Central American Parliament (Parlacen).

In the words of the president-elect, who will take office on July 1, Parlacen, "is not functional and it has no benefits” to his country.

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