Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.
Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.
Authorities in the Asian country reported that their intention is to sign a free trade agreement with El Salvador, while the government of Sánchez Cerén intends to sign a partial scope agreement.
Authorities in the People's Republic of China reported that as announced several weeks ago, El Salvador and the Asian country had already held their first working session in which they began to define the trade and cooperation relationship between the two nations.
The Sánchez Cerén administration is preparing to negotiate the signing of trade agreements with the Asian country, but without actively involving the private sector.
After the sudden and accelerated rupture of relations with the Republic of Taiwan and the announcement of the new relations with China, the Salvadoran government is organizing the signing of the first commercial agreements with the Asian giant, and for this the first official mission is preparing to travel next week.
Entrepreneurs in El Salvador are demanding that the government provide more details on how and what was negotiated in the process of establishing diplomatic relations with China.
The private sector is questioning the abrupt and accelerated manner in which the process of breaking off relations with the Republic of Taiwan and the announcement of new relations with China took place.
Commercial and industrial companies, free zones and tourism would be the main beneficiaries of the establishment of diplomatic ties between the two countries.
The president of the board of directors of the Corporación Zona Franca Santiago, Miguel Lama, explained that "... 'Industries, trade, free zones and tourism will have new and greater opportunities in view of this decision of the Dominican Government to formalize links with the nation with the highest economic growth in the last thirty years and where 1,350 million people live.'"
In response to actions taken by the Maduro government, Panama will suspend cargo and passenger transport activities of Venezuelan airlines operating in the country for three months.
Immediately after the retaliation measures that the Varela administration intends to implement were made public, the Venezuelan government announced it will suspend economic relations with more companies in Panama and freeze their accounts, although they did not specify who those companies will be.
The Maduro government has announced a ban on carrying out commercial or financial activities with 22 Panamanian government officials and 46 Panamanian private sector companies.
Prensa.com reports that "...Among the Panamanian companies affected are Copa Airlines, Vida Panama, Supercentro Casanova, Casablanca, and Yamaha Music Latin America, among others."
Flights between the Asian country and Tocumen, a feasibility study to build a train to the border with Costa Rica and cooperation in financial, energy and maritime matters, are some of the results on offer from the agreements signed between the Chinese and Panamanian governments.
Since the breakdown of Panama's diplomatic relations with Taiwan and the new relationship with the Asian giant was announced in June of this year, the possibilities of creating and developing new business in Panama have multiplied, due to the implications that greater involvement in terms of investment by China would have for the country and the region.
The decision taken by both governments to restore the diplomatic relations, which were suspended in 2010, has opened the door to promotion of Israeli investment in the country.
The announcement was made through a statement issued jointly by the two governments. The restoration of diplomatic relations could bring positive consequences for the Nicaraguan economy by facilitating the arrival of investment to the country by Israeli companies.
On November 8 credentials will be presented to the South Korean government and efforts will start on promoting Nicaragua as an investment destination.
Elnuevodiario.com.ni reports: "...The foreign minister of Nicaragua, Samuel Santos, confirmed yesterday that Nicaragua will open an embassy in South Korea, and Jorge Arnesto Alm will be the ambassador to China, after presenting his credentials on November 8. "
Both governments agreed to reopen the corresponding diplomatic missions and resume trade relations starting July 1st.
Nicolás Maduro's government suspended political and trade relations with the Panamanian government on March 5, denouncing political interference from former President Ricardo Martinelli.
A government statement by Panama mentioned in Prensa.com notes that "...
The convulsions in Venezuela should not be seen as merely a political issue, but also from the point of view of the economic insecurity it creates in the region.
The effects of the crisis in Venezuela are not only reflected in the economy but spread quickly to the rest of the continent, particularly in countries with the most trade and economic ties.
With the signing of an agreement for the promotion and protection of investments it is expected there will be an increase in trade and investment between the two countries.
The agreement was signed by the Minister of Economy of Guatemala, Sergio de la Torre and Alexei Likhachev, Deputy Minister of Economic Development in Russia.
"What Russian investors need is certainty and clear rules.