Panama Canal expects shifts in global trade patterns : Weekly News Roundup, November 30th, 2020

Nov 30, 2020 | Panama News

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

Panama Canal expects shifts in global trade patterns

Changes in global trade, the future of LNG markets, the need to increase quality in Panama’s bunkering market, and the Panama Canal’s water supply project were among the topics discussed in a Seatrade Maritime News webinar.

At the Panama CanaI, “in the long-term, we see a more regional than global trade because of trade differences generated by tensions between the US and China and the post Brexit, changes that could shift more transits from Asia to Europe, but also more efficiency in shipping and more consolidations [in shipping],” said Panama Canal Administrator Dr Ricaurte Vasquez.

The Covid -19 panademic has impacted the canal’s customers and the waterway introduced some relief measures early this year and will continue with them in 2021.

Source: SeaTrade Maritime Newsb>

Don’t wait. Take advantage of this new visa option for qualified investors in Panama!

The “Qualified Investor” immigration program was created by Executive Decree # 722 of the 15th of October of 2020.

The Qualified Investor program offers international investors an “expedited” (30 day process) opportunity to obtain legal permanent residency status in Panama, leading to citizenship in Panama (and a Panama passport).

Source: POLS Blog

Argos certified with gold-level gender equality seal in Panama.

Argos, a cement company of Grupo Argos, received the gold seal of gender equality granted by the Ministry of Labour and Labour Development in Panama, together with the Ministry of Commerce and Industry, the National Institute for Women and the United Nations Development Programme (UNDP).

The company believes that diversity adds value and that it is necessary to create conditions and relationships that contribute to the improvement of the quality of life of its collaborators.

Argos Panama, one of the three companies to receive the seal in the gold category this year, is the first and only company in the Panamanian cement sector to receive an accreditation of this type. The company participated in a diagnostic and audit process by the Ministry of Labour and Labour Development and was outstanding in the categories of recruitment, selection, compensation and personnel management processes as it was free from gender bias.

Source: World Cement

 

Panama’s Strategic Location Leads to Stability

For anyone looking to relocate to Panama for business, retirement, or work, you will undoubtably need to factor in location before making your decision. Panama has a lot to offer when it comes to strategic logistics, and its location at the crossroads of the Americas plays a big role in this.

Panama is a small country, but a very important one when it comes to inter-American trade, transportation, and banking. It’s no coincidence that a significant factor in building these institutions has had to, and will always have to do with Panama’s strategic location. It’s part of what creates stability, opportunity, and ease of access, in every sense.

Source: POLS Blog

POLS Attorneys Staff Writer

POLS Attorneys Staff Writer

As one of the leading Panama Law Firms, and one of the regions most reliable offshore service providers, POLS Attorneys brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional offshore consultants, Panama attorneys and immigration specialists who are experienced in offshore business, understand international investment and asset protection strategies, and are experts in providing a seamless Panama immigration process.

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