In the News from Panama

Panama Trade Group Heading to China

Trade representatives will travel to Shanghai next week to participate in the first International Import Expo of China, as Panama continues to expand its fledgling business connections with China.

The event, scheduled for Nov. 5-10 in the National Exhibition and Conference Center, is expected to attract more than 150,000 buyers from 130 countries.

Participating in this type of event in China is part of the normalization of relations between China and Panama, which will create new opportunities in every sector of the economy, including real estate. Every time Panama goes to one of these conferences, the effort increases the exposure of all the country’s attributes to people may know little about the country.

Panama will use the event to “promote the competitive advantages of the national platform for investment and opportunities in the sectors of logistics, free zones, maritime and tourism,” according to coverage in El Capital Financiero.

Members of the Chamber of Commerce, Trade Union of Industrialists and the Panamanian Association of Exporters will also participate in the export pavilion, along with 20 companies promoting a wide variety of Panama products, the paper reports.

Panama is planning to announce the opening of an “agro-commercial” office in Shanghai, which will focus on developing more agreements in China.

Pres. Juan Carlos Varela is expected to attend the event to help support the growing relationship with China. That means more deal announcements may be coming in the near future.