PROINVEX

Trade mission of Spanish businessmen interested in investing in Panama





A trade mission of the Spanish Confederation of Business Organizations (CEOE) is in Panama meeting with state entities as well as the private sector, following up on contacts and results reached in the Panama Invest framework, carried out in Madrid, Spain, last April, which had a local attendance of more than 270 Hispanic businessmen.

Augusto Arosemena and the director of MICI’s Agency for Investment Attraction and Export Promotion Proinvex, Alberto Alemán, spoke to the committee of Spanish businessmen about the competitive advantages that have situated Panama as the first country in Central America as receptor of direct foreign investment.

The work agenda includes meetings with authorities in the Ministries of Foreign Relations, Public Works, Canal Affairs, Municipality of Panama City, SENACYT, IDAAN and the Authority of Public Services, among others, to address topics related to commerce and industry, new technologies and digital society, public works, agricultural development, logistics and distribution, environment, water, sanitation and public services.

Likewise, the Spanish businessmen held meetings with their Panamanian counterparts, in the framework of work sessions with directors of the Sindicato de Industriales de Panamá y de la Cámara Panameña de la Construccion, in addition to a business meeting with the Panamanian Chamber of Commerce, Industry and Agriculture, with which they signed an agreement.

In this meeting, presentations were delivered on the offer of special regimes offered by Panama as logistics hub and transnational business platform and for foreign investment, such as the free zones, the Colon Free Zone and Panama Pacific, the Ciudad del Saber.

The delegation of Spanish businessmen was headed by the vice-president of CEOE, Joaquín Gay de Montellá, who recalled that this organization has been carrying out various activities with Panama during the last year, the most recent being the Business Meeting at its headquarters, on the occasion of the visit to Spain of the Minister of Commerce, Augusto Arosemena, on April 7, 2016.

According to data of the Economic Commission for Latin America and the Caribbean (ECLAC), the Spanish presence in Panama is very solid, with more than 300 established companies and an investment stock of almost 2 billion dollars.

Special Investment Regimes

SUCCESS CASES

“The key factors that influence our investment in Panama include its economic stability, its strategic geographic location and its excellent connectivity with other Latin American countries. Additionally, the incorporation of Adidas in the Law of Multinational Companies Headquarters (SEM) in 2010, has enabled the regional offices of Adidas Latin America to continue improving the business and strengthening its organizational structure, hiring the most talented executives in Panama and the world”

Marco Antonio Tejeira, General Manager for Central America and the Caribbean
Adidas

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