admin
Pursuing the vision of growth and development of Panamanian, President Mr. Laurentino Cortizo’s, a Panamanian delegation under the guidance of Mr. Ramon E Martinez, Minister for Commerce and Industries, Republic of Panama, today in its historical Panamanian delegation met at World Trade Centre, Mumbai on October 29 at 3:30 PM. The program named as Panama Meets India is supported by Panama’s Honorable Ambassador in India, Mr. Ricardo Berna. The delegation of Republic of Panama consisted of Mr. Richard Kilborn – National Investment Director, Ministry of Commerce and Industry, Republic of Panama and Punjabi Panamanian Mr. Hardeep Bhullar, Director, Marketing Investment and Promotion, Ministry of Commerce and Industries, Panama. Ms. Rupa Naik, Senior Director, World Trade Center, Mumbai open the session with her the Welcome remarks followed by presentation on Trade & Investment by Mr. Raj Kumar Sharma, President ILAC. In his Special address to the meet Mr. Richard Kilborn said that international trade has changed tremendously and is perfected by introduction and application of IT enabled services in each and every field of trade. Indian business can now cater the Latin American region with their products and supplies across central America through Panama as it houses the world’s most advance Port facilities, Trade free zone, SEZ’s, Logistic support facilities, with better shipping containers and supertanker. Due to the advances in transportation, technology and geo-political relations, Indian companies can now maximize and expand their potential in ways that wouldn’t have been possible in the past. Panama government efforts are supported by monetary and fiscal policies designed to improve the enabling environment. He further added Panama is one of the most stable and fastest growing economies in Latin America. Mr. Hardeep Bhullar, who have been visiting different parts of India appreciating the economic energy and dynamism spoke on issue pertaing to Investment opportunity, promotion of bilateral relations with due emphasis on Logistics, Financial and Banking relation, IT enabled services, Tourism, Media and Entertainment, Agriculture, Pharmaceuticals, business opportunities and policy perspective of Panama. He discussed how Indian companies can also work towards leveraging the opportunities arising from the growth in high demand for IT products and services within the Central American region as Panama is commercial hub of the Central America and how Panama -United States Trade Promotion. Agreement further gives direct access to market of USA as an investor in Panama. Apart, Panama has Preferential Trade Agreement and / or Free Trade Agreements with almost all the Latin American countries, USA, Canada,...