OECD ambassadors were communicated the country's willingness to implement transparency and information exchange standards.
Panama's Government explained its interest in establishing policies and agreements necessary to prevent the country's inclusion in tax-haven blacklists.
An article in Estudio1panama.com remarks that as part of the State's strategy for the promotion of the country's International Financial Services, "Panama will adopt public policies for promoting, negotiating, signing and implementing treaties to avoid double taxation, tax information exchange procedures offering economic advantages like fostering foreign investment, and measures promoting greater transparency in economic services activities".