The Panamanian government could implement measures against Colombia because of its extension of the tariff on re-exports from the Colon Free Zone.
Roberto Henríquez, Minister of the Presidency of Panama confirmed that Panama is looking at implementing retaliatory measures against Colombia because of the extra tariffs on re-exports of shoes and clothing from the Colon Free Zone (CFZ) tariff.
An agreement has been made with over 300 producers to buy at $22.5 a quintal the surplus that has not been placed on the market.
From a press release issued by the Presidency of Panama:
The national government will buy rice production through the Institute of Agricultural Marketing at a price of $22.50 per quintal following a consensus reached between the authorities and representatives from the Cocle Association of Rice Producers (ACOPRA) who met at Palacio de las Garzas.
The National Authority for Government Innovation has launched a program to encourage connectivity and the use and adoption of fixed and mobile broadband services in the country.
From a press release by the National Authority for Government Innovation (AIG ):
In the presence of representatives from telecommunications companies, national government authorities and representatives from the Inter-American Development Bank (IDB) , the National Authority for Government Innovation (AIG ), introduced the Strategic Broadband Plan of the Republic of Panama, which seeks to establish mechanisms and encourage connectivity, the use and adoption of fixed and mobile broadband services in the country.
A bill has been presented which creates the state-owned company Metro de Panamá S.A. whose entire stake is to be held by the Panamanian government.
From a press release issued by the Presidency of Panama:
The bill creating the company Metro de Panamá S.A. was presented by the Minister of the Presidency, Roberto Henriquez, before the National Assembly after the announcement came that this system of mass transit will begin operations in March 2014.
The private sector has proposed that free competition in the generation market be maintained and it not be regulated and that there be a permanent plan to promote energy savings.
From a press release issued by the Presidency of Panama:
The Energy Agency Committee, comprising of representatives from the private sector, handed over to the Presidency Minister, Roberto Henriquez, a proposal to make the energy market in Panama more dynamic and economical.
In late 2013 and early 2014 "dry run" tests will be carried out of the metro system, a phase during which passengers will be able to use the transportation system without paying fares.
Panamaamerica.com.pa reports that "the Presidency Minister, Roberto Henriquez, announced that in January the subway system will be operating for free".
Panama shines in 10 indicators of competitiveness considered to be of first world quality, but in another 10 is among the most backward nations.
According to an article in Capital.com, in the Global Competitiveness Index of the World Economic Forum, the country fails in "Independence of the Judiciary, Female participation in the work force, Costs of crime and violence for companies, Quality of math and science education, Wages and productivity, HIV prevalence, Rate of enrollment in secondary education and Inflation, among other things. "
The draft amendment to the current legislation seeks to establish a legal and tax regime which is more competitive and brings higher profits for the state.
From a press release issued by the National Assembly of Panama:
A bill amending and adding articles to Act 8 of 1987 regulating the activities related to hydrocarbons, was presented by Minister of the Presidency Roberto Henriquez before the full Legislature.
Officials from both governments have discussed in Panama a possible Free Trade Agreement to strengthen the growing trade relationship.
This was one of the issues discussed by the Panamanian Minister of the Presidency, Roberto Henriquez and South Korean ambassador in Panama, Cho Byoung-lip.
From 2 to 4 October the VII Forum on Competitiveness in the Americas will be held in Panama, where the hemisphere's leading authorities in the field of economy, trade and industry will gather together.
From a press release issued by the Presidency of Honduras:
Panama will host the VII Competitiveness Forum of the Americas, which brings together representatives that make up the Inter-American Competitiveness Network and the hemisphere's leading authorities in the field of economy, trade and industry, to be held in the month of October.
The donation will be delivered in three instalments, with the first $7.5 million handed over when the bilateral agreement is signed.
From a press release issued by the Government of Panama:
The governments of Panama and Taiwan signed Monday May 6 an act of donation of the first instalment to build a hospital in Bocas del Toro, which will bring great benefits to the province and the region of Ngabe Bugle.
The Government, on the recommendation of the National Energy Secretary, has announced that it will launch new daytime working hours for the public sector starting from Monday, May 6, of 7:30 a.m. to 1:30 pm, in light of the delay in the start of the rainy season, a measure which the Executive is adopting by making a sacrifice so that this action will succeed, said Minister of the Presidency, Roberto Henriquez.
The Panamanian Minister of the Presidency announced that President Martinelli has pledged to repeal the controversial Law 72, after returning from his trip to Asia.
Laestrella.com.pa reports that "The Presidency Minister, Roberto Henriquez, said this Friday, October 26, that the government will fully repeal law 72 which allows the sale of land in the Colon Free Zone (CFZ), as a commitment of President of the Republic, Ricardo Martinelli. "
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