Panama is a major international logistical hub and a banking centre with over 90 banks, which has resulted in a growing number of private sector firms and international agencies establishing their regional headquarters in Panama. The economy is benefitting from a number of large infrastructure projects such as the Panama Canal expansion, the Panama City subway, road improvements, airport expansion, and also various mining projects. Panama has signed free trade agreements (FTA) with a number of countries including Canada, which came into force in April 2013. Over the medium-long term, Panama’s economy will continue growing at above average rates as the country will benefit from its position as a major international logistical hub. One key challenge for it to sustain its fast economic growth and transition towards a knowledge-based economy will be to ensure a skilled labor force is present.
- Construction & Infrastructure
- Mining & Metals
How we can support your business
Through our representation in Bogotá, Colombia, we provide on-the-ground support to Canadian companies planning on or currently doing business in Panama. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
Consult our interactive Country Risk Quarterly report.