The Panamanian National Assembly ratified the Association Agreement between the United Kingdom of Great Britain and Northern Ireland and Central America, which aims to safeguard trade relations for the Brexit process.
Project 154, which was approved on October 28, essentially preserves the rights acquired by both parties and does not change the set of rights and obligations acquired by the Republic of Panama. This agreement is based on three pillars: political dialogue, trade and cooperation, informed the National Assembly.
In Panama, a bill is planned to convert the provinces of Los Santos and Herrera into a Special Economic Zone, which will offer tax and labor incentives to companies in the agricultural sector that decide to invest in the area.
Representative Julio Mendoza, of the Democratic Revolutionary Party, announced that in the coming weeks he will present a bill to the Assembly to create the Special Economic Zone of Azuero.
The National Assembly approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, signed in May 2018.
The Foreign Affairs Committee approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, informed the National Assembly last October 2.
In the third debate, the Assembly approved a bill establishing that the government may make exceptions to the sanitary registration of pharmaceutical products in situations of critical shortage.
At the same time, it empowers the Ministry of Health to purchase medicines under the criteria established by the World Health Organization (WHO), which will allow that when local agents do not participate in the sale, it will be possible to go through international agents, informed the National Assembly on October 3.
The use of a certificate of operation, the identification of the car with Uber's logo and the fact that the driver has a type E1 license are some of the proposals that a bill presented to the Assembly compiles.
On September 9, a bill was presented to the National Assembly to amend "Executive Decree No. 331 of October 31, 2017," by which it is intended to impose requirements on drivers who provide the transport service through the Uber platform. See full initiative.
The removal of the disqualification from hiring natural and legal persons who have been sentenced for corruption is one of the most important changes made to the bill that creates the Public-Private Partnership Regime.
The Cortizo administration approved a proposal that establishes that the government will assume 2% of the bank interest for the purchase of homes valued between $120,000 and $150,000, and in the case of real estate between $150,000 and $180,000, the exoneration will be 1.5%.
The Cabinet Council approved on September 3 the bill No. 044-19, which still has to be endorsed by the Assembly and seeks to increase coverage for the purchase of homes worth $180,000, informed the presidency of Panama.
A bill establishing the rights and responsibilities of employers and workers who use telecommuting in the country was presented.
In order to regulate the new labor trend of telecommuting in our country, the Labor Commission received draft law No. 125 proposed by Congressman Raul Fernandez, informed the National Assembly.
The National Assembly created a commission to investigate the public contracting process by which the Panama Fourth Bridge Consortium was awarded the contract for the design and construction of the fourth bridge.
The decision of the Legislative Assembly to not endorse the bill that seeks to approve the contract between the government and Minera Panamá, shows the fragility of the contracts between the Panamanian state and companies.
The obstacles to the mining project date back several years, since the legal dispute began in 2009, when the Environmental Impact Center (CIAM) filed an appeal of unconstitutionality against the contract granting a 20-year concession to exploit and commercialize the gold, copper and other mineral resources of Cerro Petaquilla.
In Nicaragua, the business sector is preparing an appeal of unconstitutionality against the Tax Concertation Law, approved a few days ago by the National Assembly.
In Panama, the National Assembly authorized the transfer of $11 million to finance the rehabilitation of tourism projects in Isla Colón, the Antón Valley and the construction of the Boquete convention center.
Regarding the administrative management to provide the funds, the National Assembly reported that the Budget Committee was responsible for approving two transfers of items from the Ministry of Commerce and Industries to the Panama Tourism Authority.
Despite the rejection of the business sector, a law was approved in Panama that establishes an 8% tax on imported and domestically produced sugared beverages.
The National Assembly reported that it approved, in the third debate, Law 570, which establishes a tax of 8% for domestically produced and imported sugary beverages and 10% for syrups and concentrates.
In Panama, a law was approved that will grant tax incentives until 2025 to businessmen who invest in hotels and recreational activities.
Between the most important incentives that contemplates the law project 696 that was approved in third debate, it emphasizes the exoneration of the tax of material import, for the constructions of accommodations or inns for the tourism made in the interior of the country.
In Panama, a law was presented that aims to facilitate the importation of arms into the country, and to simplify the requirements currently met by consumers.
On January 29, Law 716 was presented, which seeks to repeal the Decree that currently forces people seeking to buy a revolver or any other weapon to carry out different tests.
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