Country Information Export Development Canada South and Central America and the Caribbean

Panama

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Evaluating the market in Panama

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Panama

Panama is a major international logistical hub and a banking center with over 90 banks, which has resulted in a growing number of private sector firms and international agencies establishing their regional headquarters in Panama. Panama will remain one of the region's fast-growing economies in Latin America, with GDP growth forecast to reach close to 5% in 2017. This is driven by the expanded canal, large infrastructure projects, mining and financing services. Panama has signed free trade agreements (FTA) witha number of countries including Canada, which came into force in April 2013. 
  • Construction & Infrastructure
  • Mining & Metals
  • Power
International Trade Solutions

We understand opportunity

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Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC