After ditching Taiwan, China says Panama will get the help it needs : Weekly News Roundup, November 10th, 2017




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Welcome to the Panama Weekly News Roundup! Here’s the latest.

After ditching Taiwan, China says Panama will get the help it needs.

China will provide Panama with whatever help it needs after the Central American country ditched long-standing ties with self-ruled Taiwan in June, a senior Chinese diplomat said on Friday after talks between the two countries’ presidents.

1. Actually November is a whole month of independence celebrations in Panama. They also celebrate their indepePanama’s decision to end ties with Taiwan was a major victory for Beijing, as it lures away the dwindling number of countries that have formal relations with the island China claims as its own.

Taiwan’s government said at the time it was sorry and angry over the decision, and it would not compete with China in what it described as a “diplomatic money game”.

Source: Reuters

When Panama’s leader opens Beijing embassy during official visit, it will be a ‘decade-long dream come true’.

When Panama’s President Juan Carlos Varela arrives in Beijing on Thursday to witness the opening of its brand new embassy, it would be a dream 10 years in the making.

Varela first floated the idea of cutting diplomatic ties with Taiwan a year after he became leader of his party in 2006, with Panama announcing its decision this June to recognise “one China” and that Taiwan was part of the country.

Now that he has achieved his political aim, Varela will spend his week-long visit focusing on business, namely inking trade deals between the Central American country and China.

Source: Yahoo News

Panama’s president to travel to China to meet Xi Jinping.

Panama’s President Juan Carlos Varela will travel to China to meet with his counterpart Xi Jinping on Friday, the first official visit by a Panamanian leader to the Asian country coming five months after the nations established diplomatic relations.

The bilateral meeting will serve to “establish a new economic, trade, tourist and diplomatic outlook for the country, leading to more than a dozen agreements that will be signed” between nations, Panama’s Foreign Ministry said in a statement.

In June, Panama upgraded its commercial ties with China and established full diplomatic links with the second most important customer of its key shipping canal, giving Beijing a major victory as it broke formal relations with Taiwan.

Source: Reuters

 

Four Reasons Panama’s “Beaches” Region is Right for You

If you’re planning on relocating to Panama, you’ve got a lot of options for a lot of budget and lifestyle choices. One of the most popular destinations for expats who want to relocate or retire has been the “Playas”, or “beaches” area of Panama. This area consists of about 30km (or 20 miles) of beach communities and rural developments that stretch from Chame to Playa Blanca.

The most popular area for expats within this region is Coronado, followed closely by Gorgona and San Carlos. Both are within a two-hour drive from Panama city. In the beaches region you’ll find lots of expats, lots of nature, and lots of ways to enjoy the Panama lifestyle and community. Here are four reasons we think you’ll love living there!

Source: POLS Blog

 

About Manoj Chatlani


Manoj Chatlani is a Senior Partner at POLS Attorneys, a full-service law firm in Panama City, Panama. Specializing in offshore services, including asset protection, estate planning, offshore banking, and offshore corporations, as well as Panama immigration and real estate transactions, Panama Offshore Legal Services offers clients a streamlined solution to all their Panama legal needs. Manoj is a Panamanian lawyer and holds a law degree from USMA and earned a Masters in Communication Law and Panama Tax law.

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