Without Connectivity Economies Do Not Grow

Panama exemplifies the relevance of air, sea and telecommunications connectivity for the competitiveness and economic growth of a country.

Wednesday, July 9, 2014

Having sea and air connectivity with the rest of the economic world is one of the main factors that has enabled the Panamanian economy to achieve higher growth rates, which are on average 7% per year.

Ardito Barletta, CEO of the National Competitiveness Center of Panama, pointed out in an article on Capital.com.pa that "...Another aspect of connectivity is that of telecommunications, as due to its geographical position there are six submarine fiber optic cables which amplify the power of data, voice and other communications relative to other countries in Latin America. "

"...Barletta said that it is estimated that GDP will grow between 6% and 8% in 2014 and 2015. Also the former President recommended that the incoming administration prudently manage the reverted areas that are yet to be developed in the country, so that they preserve the areas which which are apt for logistics and maritime activities instead of using them for residential projects, taking a long term view for Panama. "

More on this topic

Cargo Movement and the Future of Business

July 2019

Building specialized docks for the auxiliary marine industry and increasing the capacity to deliver quickly by air are some of the challenges that Panama will face in the coming years.

The Panamanian economy depends heavily on the logistics sector, but currently faces new challenges because of the increasing competition from other regional players who offer better costs in managing cargo on a large scale.

Road Freight in Panama

August 2016

In order to get the most leverage from the Canal as sea and air hub optimization of Panamanian land cargo transportation is needed.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):

The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), through its Committee on Logistics and in order to promote the country as a regional transit hub, recently presented to the National Assembly some modifications to the Bill on Land Cargo Transportation, with a view to promoting the logistics sector and creating a more agile and efficient business relationship with Central American nations.

Panama: Disconnected Logistics Industry

September 2012

On the Pacific coast connectivity gaps have been identified between the load terminals and logistics centers and production.

This situation occurs in both the Port of Balboa, operated by the Panama Ports Company, as well as the Rodman port which is operated by the Port of Singapore Authority (PSA).

Panama Canal is priority for Central America

September 2008

The VI International Forum on Management, Marketing y Business analyzed the need to take advantage of the benefits offered by the Panama Canal.

The former president of Panama Nicolás Ardito Barletta spoke of the importance of the Panama Canal for "hemispheric logistics" and its potential to "improve the competitiveness" of the countries in the region during his presentation on a panel called "Geopolitics and Investments."

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