President Varela has vetoed the bill that repealed the concession contract to build and operate a container terminal in Rodman, which had been awarded to PSA Panama International Terminal.
The bill approved by the National Assembly in mid-April contained an article that repealed the concession contract with PSA Panama International Terminal,approved more than three years ago. At the time, the decision of the deputies was strongly criticized by the Panamanian business sector, which described it as athreat to legal security.
In Panama, a bill is being discussed which would modify the legal framework of the electricity sector, and among the proposed changes is setting limits on concessions granted to companies.
The National Assembly of Panama reported that "...The Trade and Economic Affairs Commission continued discussion of Bill 573, which modifies the regulatory framework for the provision of electricity services, witha reading of the modifications presented by the parties."
A proposal has been made to extend for two years tax benefits for private investment developed in the area of the Casco Antiguo de San Felipe, in Panama City.
The draft aims to extend the conditions afforded by Law 136 of 2013, because, as discussed in the preamble of the document,"... the timeframe of two years has been insufficient for many owners and investors, and having expired on January 17, 2016, a situation that has created where there is a gap in terms of benefits, hurting the approval of loans and bank financing and tax exemptions and benefits for the National Directorate of Revenue with the consequent loss of the exemptions set forth in this regulation".
Transparency International believes that the bill currently under discussion is insufficient to prevent corruption in the state procurement system.
According to the Panamanian chapter of Transparency International, the bill on public procurement in the country should include aspects such as making public the annual action plan to further reduce discretion to recruit directly, eliminating the possibility of "addenda which is harmful to the interests of the State " or improving the process of paying bills.
The law passed by the Assembly provides incentives to the construction, operation and maintenance of solar power plants and installations.
From a statement issued by the National Assembly of Panama:
In order to promote the establishment and operation of photovoltaic systems, the legislative plenary approved Bill 267, in a third debate, which amends and adds provisions to Law 37 of 2013, which establishes an incentives scheme for the promotion of construction, operation and maintenance of solar power plants and / or installations.
MEPs have given the green light to legislation that modernizes the legal framework of the free trade zone, including the consolidation of business operations under other schemes.
From a statement issued by the National Assembly of Panama:
It will regulate the practices to be implemented in the product cycle from plant origin to the final destination and vice versa along the entire chain.
From a statement issued by the National Assembly of Panama:
The State is responsible for ensuring the safety of plant foods which are produced and consumed in the country, as established by Bill No.299, which created the Best Practices and Agricultural Traceability Program (BPTA by its initials in Spanish) approved in a third debate today by the full legislature.
Congress has approved new rectory for the marketing of agricultural products in an effort to protect local producers from intermediaries.
From a statement issued by the National Assembly of Panama:
Bill 298 amending Law 70 of 1975, through which the Institute of Agricultural Marketing (IMA) is created and its functions are determined, passed on its third reading by the plenary of the National Assembly.
Changes to the management of "turnkey" contracts and elimination of abbreviated tenders are part of the changes included in the bill which has already been approved by the Executive in Panama.
The bill was sent by the government to the National Assembly, where it will be discussed for approval.
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