Panama and Trinidad and Tobago strengthen trade relations

Posted on 2021-08-11

In order to exchange information that allows both Panamanian and Trinidadian businessmen to analyze business opportunities, the webinar “Panama and Trinidad & Tobago: Attractive destinations for Investment – Business expansion” was held on august 10th.
The conference cycle was attended by authorities from the Ministry of Commerce and Industries (MICI) and the Authority for the Attraction of Investments and Promotion of Exports (ProPanamá), from the Embassy of Trinidad and Tobago in Panama, from the Embassy of Panama in Trinidad and Tobago, and business leaders from the Caribbean country.
During the opening, the Vice Minister of Foreign Trade, Juan Carlos Sosa presented Panama as a hub of hubs, highlighting the competitive advantages of the country as an investment platform for the entire Latin American and Caribbean region, including connectivity, the different investment regimes such as Headquarters of Multinational Companies (SEM) and for manufacturing services (EMMA), Decree No. 722 on the qualified investor visa, Law No. 54 on legal stability and the exportable supply of Panamanian products to Trinidad and Tobago .
These aspects were expanded by the directors of various departments of the MICI, who detailed the benefits of each of these special programs and regimes.
Additionally, the deputy director of the ProPanamá Authority, Diego Ortiz presented Panama’s prospects for economic growth internationally, as well as the significant progress that has been made to attract new investment projects.
On behalf of the Trinidad and Tobago business sector, speakers were Sekou Alleyne, President of Invest TT and Dhanraj Harripersad, General Manager of Export TT.
Regarding the frequency of these activities, the MICI Investment Attraction Marketing Director, Hardeep Bhullar, reported that new virtual conferences will be held soon with other selected countries to strengthen our economic sectors for the benefit of the country.