What the New Panama - China Relationship May Bring

According to Moody's, the three most important agreements that will have the greatest impact on the Panamanian economy are those that have to do with investment, tourism and trade.

Tuesday, December 5, 2017

An analysis prepared by the rating agency Moody's Investor Service details the positive consequences that could be seen in the medium term, from the new trade and diplomatic relations between Panama and the People's Republic of China

"... In the view of Moody's, the three most important agreements that will have the greatest impact on the Panamanian economy are those that have to do with investment, tourism and trade. The agency mentions the agreement that the China Development Bank will open offices in Panama to promote and finance infrastructure projects of the government of Panama. These works will help the country maintain high investment rates, which in the last decade have averaged 41% of the NDP, according to the agency's estimates taking data from the Office of the Comptroller General of the Republic."

Prensa.com reports that "...A possible free trade agreement could include measures to boost Panamanian exports to China and increase demand for Panamanian logistics services. At present, the trade balance between the two countries shows an imbalance. In 2016, Panama imported $1.1 billion from China and exported just $50 million."

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