Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.

Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.

See “Logistics: Business Stolen from Panama?”

Néstor González, Minister of Commerce and Industries, told Panamaamerica.com.pa that “… Panama is betting on connectivity issues, free zones, product distribution and the establishment of new headquarters of multinational companies (SEM). We want Panama to be a spearhead for all companies around the world, so that they can settle here and take advantage of the connectivity offered by our country.”

The article adds that “… Panama’s new foreign policy strategy is aimed at strengthening diplomatic relations with countries in Asia and the Middle East, including the United Arab Emirates (UAE).”

You may be interested in “Logistics: Can Competitiveness Be Restored?”

Regarding Panama’s pending logistical issues, the authorities believe that it should invest in infrastructure to improve the connection between the country’s main ports, since it is one of the most determining factors for the economy to recover the competitiveness that has begun to lose regionally and globally.