News

2016

  • Expansion Panama Canal brings opportunities - The inauguration of the Panama Canal expansion is expected to usher in significant investment opportunities in the country’s industrial real estate market, with increased demand for manufacturing, warehousing and distribution facilities. The office segment, meanwhile, has see... more

  • Panama on the automatic tax information exchange - The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries. With these new commitments, 101 j... more

  • More about Panama - "Panama is a huge economic success story, enjoying an average annual growth rate that’s about the best in the world in the 21st century. Things have “slowed” recently: Growth last year was a tad below 6% but is expected to be a bit above 6% this year. Unlike the numbers coming... more

  • WTC Panama and Capital Financiero sign Alliance - PANAMA CITY, PANAMA - Remy Swaab, Executive Director of the World Trade Center Panama and NĂ©stor Altuve, General Manager of the leading financial and business weekly publication, “Capital Financiero”, signed a Strategic Alliance to foster synergies between these two well-known... more

  • Inauguration Expansion Panama Canal in 2016 - According to the consortium United Group for the Canal (GUPC), the test results for the new set of locks are satisfying. Despite small leaks that are currently being repaired, the third set of locks is planned to be operational by the second quarter of 2016. The Panamanian Can... more

2015

  • Panama signs first Middle Eastern FTA with Israel - Panama signed a free trade agreement with Israel, its first with a Middle Eastern nation. The agreement was signed on the 21st of November 2015 in Panama City to seal a set of negotiated deals including access to markets, customs, services and investments, intellectual propert... more

  • Panama in top 5 most innovative countries in LatAm - Together with Chile, Costa Rica and Mexico, Panama is ranked the highest in innovation of the region according to the 2015 Global Innovation Index. Panama is ranked 4th regionally and 62nd globally, from a total list of 141 countries. Switzerland leads the rankings for the sec... more

  • FIATA certificate for Panama - The International Federation of Freight Forwarders Associations (FIATA), representing approximately 40,000 companies in the transportation and logistics sector is granting its certificate to the Panamanian Association of Cargo Agents (APAC). The association is currently workin... more

  • Logistics platform attracts new foreign investment - Thirteen new companies from eight different countries, including the United States, Venezuela, Israel, China and Belgium, will together invest 30.7 million USD in Panama’s Free Trade Zones (CFZ). Logistical potential, fiscal- and migration benefits are the main reasons for the... more

  • Remy Swaab represents Latin America in WTCA Board - PANAMA CITY, PANAMA - During the 46th General Assembly held in Manila, Philippines the executive director of WTC Panama, Mr. Remy Swaab, was elected as board member of the World Trade Centers Association (WTCA) Board of Directors. Along with Mr. Luciano Montenegro de Menezes ... more