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foreign investment

Canadian companies invested $121 million in Panama during 2013

Bilateral trade between Panama and Canada has grown by 62% over the past four years. According to a recent study by the Panama-Canada Chamber of Commerce, marking the first year of the enforcement of the Free Trade Agreement (FTA) between the two countries on April 1, 2013, foreign direct investment of Canada in Panama has reached $121 million in 2013.  Continue Reading…

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Management of Metro Line 2 Awarded in Panama

The Secretariat of the Panama Metro has awarded PML2 Consortium (Spanish-American) contract for Project Management (Project Management) of Metro Line 2. Continue Reading…

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Tocumen Airport expansion 38% complete

Tocumen International Airport, Panama is expanding to meet the needs of increasing passenger flow and additional airlines, making it a hub for South and Central America. Continue Reading…

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Panama moves closer to Pacific Alliance

The signing of the Free Trade Agreement (FTA) between Mexico Panama could be the next country along with Costa Rica, to join the Pacific Alliance trade bloc. Continue Reading…

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Minister Fast Marks First Anniversary of Canada-Panama Free Trade Agreement

The Honourable Ed Fast, Minister of International Trade, last Tuesday marked the first anniversary of the coming into force of the Canada-Panama Free Trade Agreement (FTA).

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This year the Panama house sales will amount to 9.973 units

Panama real estate development will maintain the same momentum last year, Elisa Gomez, director of the National Board of Housing Developers said. Continue Reading…

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Agreements in Panama and Mexico FTA Negotiations

The V round of negotiations is scheduled for 18 and 21 March in Panama City.

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Panama’s banking credit boom

Between January and November 2013, Panamanian banks gave out 14% more loans than in the same period of 2012. Continue Reading…

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Panama’s tourism arrivals exceed forecasts

Panama received 2.27 million tourists throughout 2013, exceeding the country’s tourism authority’s, ATP, goal forecast of 2.25 million. Continue Reading…

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Panama, the Latin America business hub

Panama is fast emerging as a business hub in Latin America with many incentives for companies to set up in the region, says Michael Hatchwell on the web site “Global Legal Post,” an international network.
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