{"id":31364,"date":"2021-05-18T10:12:37","date_gmt":"2021-05-18T15:12:37","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=31364"},"modified":"2021-05-18T10:15:20","modified_gmt":"2021-05-18T15:15:20","slug":"world-trade-center-center-world","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/world-trade-center-center-world\/","title":{"rendered":"A World Trade Center at the Center of the World"},"content":{"rendered":"

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Juan Fernando Posada, President P&G Latin America<\/div>\n
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services\u00a0rendered,\u00a0and\u00a0zero\u00a0<\/span>dividend\u00a0taxes.\u00a0\u201cIt\u00a0makes\u00a0it\u00a0easier\u00a0for\u00a0multinational\u00a0companies\u00a0to\u00a0<\/span>bring\u00a0their\u00a0executives\u00a0and\u00a0trusted\u00a0personnel\u00a0to\u00a0Panama,\u201d\u00a0says\u00a0<\/span>Ramon\u00a0Martinez\u00a0de\u00a0la\u00a0Guardia,\u00a0Panama\u2019s\u00a0Minister\u00a0of\u00a0Commerce\u00a0and\u00a0<\/span>Industries.\u00a0<\/span><\/p>\n

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PANAMA:\u00a0\u00a0\u00a0AT\u00a0THE\u00a0CENTER\u00a0OF\u00a0THE\u00a0WORLD<\/div>\n
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Panama\u00a0City\u2019s\u00a0Tocumen\u00a0International\u00a0Airport\u00a0is\u00a0considered\u00a0the\u00a0hub\u00a0of\u00a0<\/span>the\u00a0Americas,\u00a0with\u00a090\u00a0connections\u00a0to\u00a034\u00a0countries.\u00a0Any\u00a0location\u00a0in\u00a0<\/span>Central\u00a0America,\u00a0Colombia\u00a0and\u00a0Venezuela\u00a0is\u00a0one\u00a0to\u00a0two\u00a0hours\u00a0away;\u00a0<\/span>Miami\u00a0is\u00a0three\u00a0hours\u00a0away;\u00a0and\u00a0many\u00a0U.S.\u00a0and\u00a0South\u00a0American\u00a0<\/span>locations\u00a0can\u00a0be\u00a0reached\u00a0in\u00a0under\u00a0six\u00a0hours.\u00a0The\u00a0airport\u00a0is\u00a0located\u00a0so\u00a0<\/span>conveniently\u00a0within\u00a0Panama\u00a0City\u00a0that\u00a0Giraldo\u00a0leaves\u00a0his\u00a0home\u00a0at\u00a09\u00a0<\/span>a.m.\u00a0to\u00a0catch\u00a0a\u00a010\u00a0a.m.\u00a0flight.\u00a0\u00a0<\/span><\/p>\n

Panama\u00a0also\u00a0boasts\u00a0five\u00a0other\u00a0airports,\u00a0five\u00a0major\u00a0seaports\u00a0(including\u00a0<\/span>the\u00a0busiest\u00a0container\u00a0port\u00a0in\u00a0Latin\u00a0America)\u00a0and\u00a0a\u00a0railway\u00a0that\u00a0<\/span>functions\u00a0as\u00a0a\u00a0dry\u00a0canal,\u00a0connecting\u00a0the\u00a0Atlantic\u00a0to\u00a0the\u00a0Pacific.\u00a0\u00a0<\/span><\/p>\n

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We\u00a0decided\u00a0to\u00a0establish\u00a0in\u00a0Panama\u00a0due\u00a0to\u00a0its\u00a0economic\u00a0and\u00a0political\u00a0stability,\u00a0security,\u00a0strategic\u00a0geographic\u00a0location\u00a0and\u00a0the\u00a0availability\u00a0of\u00a0highly\u00a0qualified\u00a0professionals.\u00a0This\u00a0country\u00a0has\u00a0excellent\u00a0conditions\u00a0to\u00a0attract\u00a0investments.\u201d<\/div>\n<\/div>\n
Tom\u00a0SweetCFO,\u00a0Dell\u00a0Technologies<\/div>\n<\/div>\n
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The\u00a0underlying\u00a0political\u00a0and\u00a0economic\u00a0infrastructure\u00a0that\u00a0keeps\u00a0<\/span>commerce\u00a0flowing\u00a0smoothly\u00a0is\u00a0just\u00a0as\u00a0essential\u00a0as\u00a0all\u00a0the\u00a0cranes\u00a0and\u00a0<\/span>vessels\u00a0in\u00a0Panama\u2019s\u00a0ports.\u00a0Panama\u00a0has\u00a0enjoyed\u00a0free\u00a0and\u00a0fair\u00a0<\/span>elections\u00a0for\u00a0more\u00a0than\u00a030\u00a0years,\u00a0and\u00a0has\u00a0a\u00a0dollarized\u00a0economy\u00a0with\u00a0<\/span>almost\u00a0no\u00a0inflation\u00a0over\u00a0the\u00a0last\u00a0century.\u00a0Supported\u00a0by\u00a0a\u00a0well-<\/span>developed\u00a0international\u00a0banking\u00a0system,\u00a0the\u00a0nation\u2019s\u00a0economic\u00a0<\/span>growth\u00a0hovered\u00a0around\u00a07%\u00a0for\u00a015\u00a0years\u00a0prior\u00a0to\u00a0the\u00a0Covid\u00a0crisis,\u00a0<\/span>leading\u00a0the\u00a0rest\u00a0of\u00a0Latin\u00a0America.\u00a0\u00a0<\/span><\/p>\n

\u201cLegal\u00a0stability\u00a0is\u00a0very\u00a0important\u2014you\u00a0have\u00a0to\u00a0compare\u00a0that\u00a0to\u00a0the\u00a0<\/span>rest\u00a0of\u00a0the\u00a0countries\u00a0in\u00a0Central\u00a0and\u00a0Latin\u00a0America,\u201d\u00a0says\u00a0Aguirre.\u00a0\u201cThe\u00a0<\/span>rule\u00a0of\u00a0law\u00a0is\u00a0clear.\u00a0And\u00a0U.S.\u00a0companies\u00a0feel\u00a0very\u00a0comfortable\u00a0here,\u00a0<\/span>perhaps\u00a0because\u00a0of\u00a0the\u00a0history\u00a0the\u00a0two\u00a0countries\u00a0share.\u201d<\/span><\/p>\n<\/div>\n

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A\u00a0SALVE\u00a0FOR\u00a0TRADE\u00a0TROUBLES<\/div>\n
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The\u00a0global\u00a0trade\u00a0outlook\u00a0has\u00a0clouded\u00a0in\u00a0recent\u00a0years,\u00a0as\u00a0tensions\u00a0<\/span>have\u00a0grown\u00a0between\u00a0the\u00a0U.S.\u00a0and\u00a0China\u00a0and\u00a0various\u00a0disasters\u00a0have\u00a0<\/span>disrupted\u00a0supply\u00a0chains.\u00a0As\u00a0a\u00a0protective\u00a0measure,\u00a0more\u00a0global\u00a0<\/span>companies\u00a0are\u00a0nearshoring\u2014moving\u00a0manufacturing\u00a0closer\u00a0to\u00a0places\u00a0<\/span>where\u00a0the\u00a0goods\u00a0will\u00a0be\u00a0sold.\u00a0\u00a0<\/span><\/p>\n

In\u00a0February,\u00a0Panama\u00a0enacted\u00a0regulations\u00a0for\u00a0the\u00a0new\u00a0Manufacturing\u00a0<\/span>Services\u00a0for\u00a0Multinationals\u00a0regime,\u00a0locally\u00a0known\u00a0as\u00a0EMMA,\u00a0\u201cto\u00a0take\u00a0<\/span>advantage\u00a0of\u00a0the\u00a0nearshoring\u00a0trend,\u201d\u00a0says\u00a0Minister\u00a0Martinez.\u00a0EMMA\u00a0<\/span>brings\u00a0the\u00a0tax,\u00a0labor\u00a0and\u00a0immigration\u00a0benefits\u00a0of\u00a0SEM\u00a0to\u00a0global\u00a0<\/span>manufacturers,\u00a0and\u00a0eligible\u00a0companies\u00a0are\u00a0exempt\u00a0from\u00a0taxes,\u00a0fees\u00a0<\/span>and\u00a0import\u00a0duties\u00a0on\u00a0all\u00a0goods\u00a0and\u00a0raw\u00a0materials.\u00a0\u00a0<\/span><\/p>\n<\/div>\n

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\u201cWe\u00a0have\u00a0proudly\u00a0been\u00a0involved\u00a0in\u00a0the\u00a0Panamanian\u00a0market\u00a0for\u00a0many\u00a0years\u00a0and\u00a0we\u00a0have\u00a0seen\u00a0the\u00a0nation\u00a0evolve\u00a0into\u00a0a\u00a0digital\u00a0hub\u00a0for\u00a0Latin\u00a0America.\u00a0I\u00a0look<\/div>\n
forward\u00a0on\u00a0continuing\u00a0this\u00a0productive\u00a0partnership.\u201d<\/div>\n
John\u00a0MaloneChairman,\u00a0Liberty\u00a0Media\u00a0Corp<\/div>\n<\/div>\n
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For\u00a0Asia-based\u00a0companies,\u00a0Panama\u00a0is\u00a0an\u00a0ideal\u00a0location\u00a0to\u00a0finish\u00a0<\/span>products\u00a0for\u00a0export\u00a0to\u00a0Latin\u00a0America,\u00a0North\u00a0America\u00a0or\u00a0Europe,\u00a0and\u00a0<\/span>American\u00a0companies\u00a0can\u00a0use\u00a0Panama\u00a0to\u00a0finish\u00a0products\u00a0for\u00a0export\u00a0to\u00a0<\/span>Latin\u00a0America,\u00a0Europe\u00a0or\u00a0Asia.\u00a0In\u00a0either\u00a0case,\u00a0EMMA\u00a0offers\u00a0incentives\u00a0<\/span>for\u00a0manufacturing,\u00a0logistics\u00a0services\u00a0and\u00a0R&D,\u00a0just\u00a0as\u00a0SEM\u00a0did\u00a0for\u00a0so\u00a0<\/span>many\u00a0corporate\u00a0headquarters.\u00a0\u00a0<\/span><\/p>\n

Since\u00a0the\u00a0EMMA\u00a0regulations\u00a0took\u00a0effect\u00a0in\u00a0February,\u00a0Martinez\u00a0has\u00a0<\/span>already\u00a0fielded\u00a0inquiries\u00a0from\u00a010\u00a0companies\u00a0for\u00a0manufacturing\u00a0<\/span>operations\u00a0in\u00a0industries\u00a0including\u00a0pharmaceuticals,\u00a0automotive\u00a0<\/span>assembly\u00a0and\u00a0cosmetics.\u00a0\u00a0<\/span><\/p>\n

When\u00a03M\u00a0built\u00a0its\u00a0factory\u00a0in\u00a02008,\u00a0\u201cthere\u00a0wasn\u2019t\u00a0too\u00a0much\u00a0<\/span>manufacturing\u00a0in\u00a0Panama,\u201d\u00a0says\u00a0Aguirre.\u00a0Since\u00a0then,\u00a03M\u00a0has\u00a0trained\u00a0<\/span>an\u00a0entirely\u00a0local\u00a0workforce\u00a0for\u00a0the\u00a0factory,\u00a0which\u00a0produces\u00a0car\u00a0care\u00a0<\/span>solutions\u00a0for\u00a0the\u00a0global\u00a0market.\u00a0\u201cMore\u00a0companies\u00a0have\u00a0established\u00a0<\/span>here,\u00a0and\u00a0now,\u00a0with\u00a0EMMA,\u00a0there\u00a0is\u00a0a\u00a0great\u00a0incentive\u00a0to\u00a0attract\u00a0more,\u201d\u00a0<\/span>he\u00a0says.\u00a0<\/span><\/p>\n

EMMA\u00a0also\u00a0incorporates\u00a0new\u00a0labor\u00a0provisions\u00a0that\u00a0allow\u00a0partners\u00a0and\u00a0<\/span>spouses\u00a0declared\u00a0under\u00a0either\u00a0regulatory\u00a0regime\u00a0to\u00a0obtain\u00a0permits\u00a0to\u00a0<\/span>legally\u00a0work\u00a0in\u00a0the\u00a0country\u00a0using\u00a0their\u00a0same\u00a0special\u00a0migratory\u00a0visa.\u00a0<\/span><\/p>\n

Even\u00a0before\u00a0EMMA\u00a0took\u00a0effect,\u00a0South\u00a0Korean\u00a0electronics\u00a0giant\u00a0<\/span>Samsung\u00a0chose\u00a0Panama\u00a0City\u00a0as\u00a0its\u00a0operational\u00a0hub\u00a0for\u00a0Central\u00a0<\/span>America,\u00a0the\u00a0Caribbean,\u00a0Ecuador\u00a0and\u00a0Venezuela.\u00a0Its\u00a0new\u00a0depot\u00a0in\u00a0the\u00a0<\/span>Panama\u00a0Pacifico\u00a0zone\u00a0will\u00a0ship\u00a0spare\u00a0parts\u00a0to\u00a0all\u00a0of\u00a0Latin\u00a0America.\u00a0\u00a0<\/span><\/p>\n

\u201cPanama\u00a0has\u00a0been\u00a0successful\u00a0in\u00a0establishing\u00a0a\u00a0robust\u00a0institutional\u00a0<\/span>framework\u00a0and\u00a0a\u00a0favorable\u00a0economic\u00a0environment\u00a0that\u00a0enable\u00a0<\/span>businesses\u00a0like\u00a0ours\u00a0to\u00a0grow,\u201d\u00a0says\u00a0Jae\u00a0Hoon\u00a0Kim,\u00a0chief\u00a0executive\u00a0of\u00a0<\/span>Samsung\u2019s\u00a0Panama\u00a0and\u00a0Zona\u00a0Libre\u00a0subsidiaries.\u00a0\u201cThe\u00a0economic\u00a0and\u00a0<\/span>political\u00a0stability,\u00a0strategic\u00a0location,\u00a0and\u00a0<\/span><\/p>\n<\/div>\n

the\u00a0special\u00a0regimes\u00a0that\u00a0<\/span>Panama\u00a0offers\u00a0have\u00a0enabled\u00a0us\u00a0to\u00a0maintain\u00a0highly\u00a0skilled,\u00a0<\/span>enthusiastic\u00a0and\u00a0ethically\u00a0impeccable\u00a0workers.\u201d\u00a0<\/span><\/div>\n
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MODERN\u00a0LIVING<\/div>\n
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With\u00a0modern\u00a0skyscrapers,\u00a0luxury\u00a0hotels\u00a0and\u00a0even\u00a0artificial\u00a0islands,\u00a0<\/span>Panama\u00a0City\u00a0has\u00a0been\u00a0labeled\u00a0Latin\u00a0America\u2019s\u00a0Dubai.\u00a0With\u00a0its\u00a0laser\u00a0<\/span>focus\u00a0on\u00a0trade,\u00a0it\u2019s\u00a0<\/span><\/div>\n
also\u00a0been\u00a0compared\u00a0to\u00a0Singapore.\u00a0But\u00a0Panama,\u00a0<\/span>home\u00a0to\u00a0both\u00a0cloud\u00a0forests\u00a0and\u00a0palm lined\u00a0beaches,\u00a0is\u00a0<\/span>unmistakably\u00a0a\u00a0Latin\u00a0American\u00a0country.\u00a0With\u00a0the\u00a0<\/span><\/div>\n
region\u2019s\u00a0fastest-<\/span>growing\u00a0economy,\u00a0Panama\u2019s\u00a0thriving\u00a0domestic\u00a0market\u00a0also\u00a0helps\u00a0<\/span>attract\u00a0multinational\u00a0firms.\u00a0\u00a0<\/span><\/div>\n<\/div>\n<\/div>\n
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“Our\u00a0investments\u00a0in\u00a0greener\u00a0and\u00a0innovative\u00a0<\/span>energy\u00a0solutions\u00a0in\u00a0Panama\u00a0are\u00a0contributing\u00a0<\/span>to\u00a0the\u00a0country\u2019s\u00a0sustainability\u00a0goals\u00a0and\u00a0<\/span>diversifying\u00a0the\u00a0grid.\u00a0<\/span><\/div>\n
They\u2019re\u00a0also\u00a0creating\u00a0an\u00a0<\/span>energy\u00a0hub\u00a0that\u00a0will\u00a0allow\u00a0Panama\u00a0to\u00a0supply\u00a0<\/span>energy\u00a0to\u00a0diverse\u00a0sectors\u00a0and\u00a0accelerate\u00a0the\u00a0<\/span>transformation\u00a0of\u00a0the\u00a0Central\u00a0America\u00a0<\/span><\/div>\n
and\u00a0<\/span>Caribbean\u00a0energy\u00a0markets.\u201d<\/span><\/div>\n
Andres\u00a0GluskiCEO,\u00a0AES\u00a0Corp<\/div>\n
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Many\u00a0cities\u00a0and\u00a0countries\u00a0have\u00a0lured\u00a0global\u00a0business\u00a0leaders\u00a0to\u00a0<\/span>their\u00a0shores,\u00a0but\u00a0the\u00a0real\u00a0test\u00a0is\u00a0whether\u00a0they\u00a0stay.\u00a0At\u00a0P&G,\u00a0about\u00a0<\/span>two-thirds\u00a0of\u00a0their\u00a0non-Panamanian\u00a0employees\u00a0have\u00a0lived\u00a0in\u00a0<\/span>Panama\u00a0for\u00a0more\u00a0than\u00a0five\u00a0years,\u00a0a\u00a0sure\u00a0sign\u00a0of\u00a0their\u00a0comfort\u00a0level\u00a0<\/span>with\u00a0the\u00a0country.\u00a0\u201cPanama\u00a0offers\u00a0good\u00a0medical\u00a0services,\u00a0financial\u00a0<\/span>stability\u00a0and\u00a0a\u00a0wide\u00a0range\u00a0of\u00a0real\u00a0estate\u00a0options,\u201d\u00a0says\u00a0P&G\u2019s\u00a0<\/span>Giraldo.\u00a0\u201cAnd\u00a0in\u00a0recent\u00a0years,\u00a0the\u00a0number\u00a0of\u00a0international\u00a0schools\u00a0<\/span>has\u00a0significantly\u00a0increased.\u201d\u00a0\u00a0\u00a0<\/span><\/p>\n

\u201cI\u00a0am\u00a0a\u00a0huge\u00a0ambassador\u00a0for\u00a0Panama,\u201d\u00a0says\u00a0Giraldo,\u00a0a\u00a0native\u00a0<\/span>Colombian.\u00a0\u201cI\u00a0am\u00a0considering\u00a0living\u00a0here\u00a0when\u00a0I\u00a0retire.\u201d\u00a0<\/span><\/p>\n

\u201cThe\u00a0country\u00a0offers\u00a0us\u00a0so\u00a0many\u00a0benefits\u00a0in\u00a0terms\u00a0of\u00a0logistics,\u00a0<\/span>geographical\u00a0location,\u00a0legal\u00a0security,\u00a0quality\u00a0of\u00a0life,\u00a0access\u00a0to\u00a0<\/span>services,\u00a0quality\u00a0health\u00a0and\u00a0housing\u00a0and\u00a0trained\u00a0professionals,\u201d\u00a0<\/span>adds\u00a0Juan\u00a0Gabriel\u00a0Reyes,\u00a0President\u00a0and\u00a0CEO\u00a0of\u00a0Nestl\u00e9\u00a0Central\u00a0<\/span>America,\u00a0which\u00a0has\u00a0two\u00a0factories\u00a0and\u00a0its\u00a0Central\u00a0American\u00a0regional\u00a0<\/span>offices\u00a0in\u00a0Panama.\u00a0\u00a0<\/span><\/p>\n

\u201cIn\u00a0turn,\u00a0we\u00a0provide\u00a0the\u00a0country\u00a0with\u00a0highquality\u00a0job\u00a0opportunities,\u00a0<\/span>transfer\u00a0of\u00a0knowledge,\u00a0tax\u00a0payments\u00a0and\u00a0consumption\u00a0of\u00a0its\u00a0<\/span>products\u00a0and\u00a0services,\u00a0<\/span><\/p>\n<\/div>\n

among\u00a0other\u00a0benefits,\u201d\u00a0he\u00a0says.\u00a0\u201cWe\u00a0believe\u00a0<\/span>in\u00a0Panama.\u201d\u00a0<\/span><\/div>\n<\/div>\n
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Gabriel\u00a0ReyesPresident\u00a0and\u00a0CEO,\u00a0Nestl\u00e9\u00a0Central\u00a0America<\/div>\n<\/div>\n
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Contact\u00a0the\u00a0Government\u00a0of\u00a0Panama<\/a>\u00a0for\u00a0more\u00a0information\u00a0about\u00a0relocating\u00a0your\u00a0operations.<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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    There\u00a0are\u00a0few\u00a0better\u00a0places\u00a0to\u00a0run\u00a0Procter\u00a0&\u00a0Gamble\u2019s\u00a0growing\u00a0Latin\u00a0America\u00a0business\u00a0than\u00a0the\u00a0Costa\u00a0del\u00a0Este\u00a0neighborhood\u00a0of\u00a0Panama\u00a0City.\u00a0 A\u00a0mix\u00a0of\u00a0corporate\u00a0offices\u00a0and\u00a0highrise\u00a0residential\u00a0towers\u00a0on\u00a0the\u00a0edge\u00a0of\u00a0the\u00a0Pacific,\u00a0it\u2019s\u00a0attracting\u00a0a\u00a0diverse\u00a0set\u00a0of\u00a0international\u00a0companies,\u00a0including\u00a03M,\u00a0AES,\u00a0Nestle\u00a0and\u00a0Samsung.\u00a0\u00a0 \u201cIn\u00a0Panama\u00a0we\u00a0have\u00a0found\u00a0a\u00a0business-friendly\u00a0environment\u00a0with\u00a0an\u00a0open-door\u00a0policy,\u201d\u00a0says\u00a0Juan\u00a0Fernando\u00a0Posada,\u00a0P&G\u2019s\u00a0president\u00a0for\u00a0Latin\u00a0America.\u00a0 The\u00a0Central\u00a0American\u00a0nation\u00a0is\u00a0best\u00a0known\u00a0for\u00a0its\u00a0eponymous\u00a0canal,\u00a0a\u00a0majestic\u00a0symbol\u00a0of\u00a0global\u00a0trade,\u00a0through\u00a0which\u00a0flows\u00a05%\u00a0of\u00a0all\u00a0the\u00a0world\u2019s\u00a0goods.\u00a0But\u00a0Panama\u00a0is\u00a0much\u00a0more\u00a0than\u00a0just\u00a0a\u00a0place\u00a0to\u00a0pass\u00a0through,\u00a0as\u00a0its\u00a0central\u00a0location,\u00a0modern\u00a0trade\u00a0infrastructure\u00a0and\u00a0economic\u00a0and\u00a0political\u00a0stability\u00a0have\u00a0 combined\u00a0to\u00a0create\u00a0a\u00a0strong\u00a0draw\u00a0for\u00a0foreign\u00a0businesses\u00a0seeking\u00a0to\u00a0build\u00a0regional\u00a0trade\u00a0operations\u00a0or\u00a0manufacturing\u00a0hubs.\u00a0\u00a0 In\u00a02007,\u00a0Panama\u2019s\u00a0legislature\u00a0passed\u00a0a\u00a0package\u00a0of\u00a0corporate\u00a0tax,\u00a0labor\u00a0and\u00a0immigration\u00a0benefits\u00a0that\u00a0have\u00a0led\u00a0175\u00a0multinationals\u00a0to\u00a0establish\u00a0regional\u00a0headquarters\u00a0in\u00a0Panama,\u00a0accounting\u00a0for\u00a0$1.2\u00a0billion\u00a0in\u00a0investment.\u00a0In\u00a0a\u00a0sequel\u00a0of\u00a0sorts,\u00a0in\u00a0February,\u00a0Panama\u00a0enacted\u00a0a\u00a0second\u00a0set\u00a0of\u00a0rules\u00a0that\u00a0extended\u00a0those\u00a0 benefits\u00a0from\u00a0headquarters\u00a0operations\u00a0to\u00a0manufacturing\u00a0facilities. Companies\u00a0Participating\u00a0in\u00a0the\u00a0Multinational\u00a0Headquarters\u00a0Regime\u00a0(SEM) 175 total!! \u201cThere\u00a0are\u00a0definitely\u00a0very\u00a0clear\u00a0factors\u00a0that\u00a0made\u00a0Panama\u00a0a\u00a0good\u00a0decision\u00a0to\u00a0strategically\u00a0locate\u00a0our\u00a0Latin\u00a0America\u00a0HQ,\u201d\u00a0says\u00a0Posada.\u00a0\u201cThe\u00a0economic\u00a0and\u00a0political\u00a0stability\u00a0that\u00a0the\u00a0country\u00a0enjoys,\u00a0security,\u00a0its\u00a0financial\u00a0services\u00a0and\u00a0definitely\u00a0the\u00a0easy\u00a0air\u00a0interconnection\u00a0with\u00a0the\u00a0rest\u00a0of\u00a0the\u00a0region.\u201d\u00a0 Juan Fernando Posada, President P&G Latin America<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,246,244,262,281],"class_list":["post-31364","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-safety-in-panama-panama-real-estate-bocas-del-toro","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"\nA World Trade Center at the Center of the World - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/world-trade-center-center-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A World Trade Center at the Center of the World\" \/>\n<meta property=\"og:description\" content=\"There\u00a0are\u00a0few\u00a0better\u00a0places\u00a0to\u00a0run\u00a0Procter\u00a0&\u00a0Gamble\u2019s\u00a0growing\u00a0Latin\u00a0America\u00a0business\u00a0than\u00a0the\u00a0Costa\u00a0del\u00a0Este\u00a0neighborhood\u00a0of\u00a0Panama\u00a0City.\u00a0 A\u00a0mix\u00a0of\u00a0corporate\u00a0offices\u00a0and\u00a0highrise\u00a0residential\u00a0towers\u00a0on\u00a0the\u00a0edge\u00a0of\u00a0the\u00a0Pacific,\u00a0it\u2019s\u00a0attracting\u00a0a\u00a0diverse\u00a0set\u00a0of\u00a0international\u00a0companies,\u00a0including\u00a03M,\u00a0AES,\u00a0Nestle\u00a0and\u00a0Samsung.\u00a0\u00a0 \u201cIn\u00a0Panama\u00a0we\u00a0have\u00a0found\u00a0a\u00a0business-friendly\u00a0environment\u00a0with\u00a0an\u00a0open-door\u00a0policy,\u201d\u00a0says\u00a0Juan\u00a0Fernando\u00a0Posada,\u00a0P&G\u2019s\u00a0president\u00a0for\u00a0Latin\u00a0America.\u00a0 The\u00a0Central\u00a0American\u00a0nation\u00a0is\u00a0best\u00a0known\u00a0for\u00a0its\u00a0eponymous\u00a0canal,\u00a0a\u00a0majestic\u00a0symbol\u00a0of\u00a0global\u00a0trade,\u00a0through\u00a0which\u00a0flows\u00a05%\u00a0of\u00a0all\u00a0the\u00a0world\u2019s\u00a0goods.\u00a0But\u00a0Panama\u00a0is\u00a0much\u00a0more\u00a0than\u00a0just\u00a0a\u00a0place\u00a0to\u00a0pass\u00a0through,\u00a0as\u00a0its\u00a0central\u00a0location,\u00a0modern\u00a0trade\u00a0infrastructure\u00a0and\u00a0economic\u00a0and\u00a0political\u00a0stability\u00a0have\u00a0 combined\u00a0to\u00a0create\u00a0a\u00a0strong\u00a0draw\u00a0for\u00a0foreign\u00a0businesses\u00a0seeking\u00a0to\u00a0build\u00a0regional\u00a0trade\u00a0operations\u00a0or\u00a0manufacturing\u00a0hubs.\u00a0\u00a0 In\u00a02007,\u00a0Panama\u2019s\u00a0legislature\u00a0passed\u00a0a\u00a0package\u00a0of\u00a0corporate\u00a0tax,\u00a0labor\u00a0and\u00a0immigration\u00a0benefits\u00a0that\u00a0have\u00a0led\u00a0175\u00a0multinationals\u00a0to\u00a0establish\u00a0regional\u00a0headquarters\u00a0in\u00a0Panama,\u00a0accounting\u00a0for\u00a0$1.2\u00a0billion\u00a0in\u00a0investment.\u00a0In\u00a0a\u00a0sequel\u00a0of\u00a0sorts,\u00a0in\u00a0February,\u00a0Panama\u00a0enacted\u00a0a\u00a0second\u00a0set\u00a0of\u00a0rules\u00a0that\u00a0extended\u00a0those\u00a0 benefits\u00a0from\u00a0headquarters\u00a0operations\u00a0to\u00a0manufacturing\u00a0facilities. Companies\u00a0Participating\u00a0in\u00a0the\u00a0Multinational\u00a0Headquarters\u00a0Regime\u00a0(SEM) 175 total!! \u201cThere\u00a0are\u00a0definitely\u00a0very\u00a0clear\u00a0factors\u00a0that\u00a0made\u00a0Panama\u00a0a\u00a0good\u00a0decision\u00a0to\u00a0strategically\u00a0locate\u00a0our\u00a0Latin\u00a0America\u00a0HQ,\u201d\u00a0says\u00a0Posada.\u00a0\u201cThe\u00a0economic\u00a0and\u00a0political\u00a0stability\u00a0that\u00a0the\u00a0country\u00a0enjoys,\u00a0security,\u00a0its\u00a0financial\u00a0services\u00a0and\u00a0definitely\u00a0the\u00a0easy\u00a0air\u00a0interconnection\u00a0with\u00a0the\u00a0rest\u00a0of\u00a0the\u00a0region.\u201d\u00a0 Juan Fernando Posada, President P&G Latin America\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/world-trade-center-center-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T15:12:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-18T15:15:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2021\/05\/Night-lights-819x1024.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Prozzo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Prozzo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/\"},\"author\":{\"name\":\"Adrian Prozzo\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/person\\\/6c118309f214f7da81db90c9905c5e69\"},\"headline\":\"A World Trade Center at the Center of the World\",\"datePublished\":\"2021-05-18T15:12:37+00:00\",\"dateModified\":\"2021-05-18T15:15:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/\"},\"wordCount\":1678,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Night-lights-819x1024.jpg\",\"keywords\":[\"Boca Chica Real Estate\",\"Boquete\",\"Boquete Real Estate\",\"buenaventura\",\"casco\",\"casco antiguo\",\"casco viejo\",\"coffee in panama\",\"estate homes in Panama\",\"move to panama\",\"offshore real estate\",\"Panama Offshore real estate\",\"Panama Papers\",\"Panama Real Estate\",\"relocate to panama\",\"Rum in Panama\",\"safety in panama Panama Real Estate Bocas del Toro\",\"travel to panama Rent in Boquete Expat Tourism\"],\"articleSection\":[\"News from Panama\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/world-trade-center-center-world\\\/\",\"name\":\"A World Trade Center at the Center of the World - 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