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Caribbean & Central America - December 2011 (ISSN 1741-4458)

PANAMA: Martinelli bets big on British investment

During his mid-October official state visit to the UK, President Ricardo Martinelli highlighted that “Panama is one of only three countries in the world that is run by entrepreneurs, not politicians” – he identified the other two as Chile and Georgia. And in true businessman style, the President appeared to have one goal in mind: ‘sell, sell and sell’. This was clearly the purpose of the ‘Panama Invest 2011’ business summit organized by Proinvex, a new government agency ascribed to the ministry of commerce and industries (Mici) which aims to attract foreign investment and promote Panama’s exports. The agency, modelled after Britain’s UKTI (United Kingdom Trade & Investment), has announced that it will begin opening offices overseas in 2012 and the first one will be located in London.

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