Panama Welcomes Italy with Transparency and Clear Business Rules, Says Minister Moltó
Panama is proactively fostering its economic relationships with Italy. During a recent meeting, Minister of Commerce and Industries, Julio Moltó, welcomed a delegation of Italian parliamentarians in an initiative aimed at enhancing political dialogue and economic cooperation.
Enhancing Italy-Panama Relations
The delegation, led by Fabio Pietrella and Gianluca Caramanna, who chair the Italy-Panama Bilateral Commission, included Giuditta Giorgio, the Italian ambassador to Panama, and Winston Spadafora, Panama’s ambassador to Italy. Their mission focused on exploring mutual business opportunities.
Commitment to Transparency and Fair Business Practices
Minister Moltó emphasized Panama’s commitment to transparent business practices. He stated that the country is open for business under clear rules, without intermediaries. This creates a reliable environment for international trade and investment.
Strategic Areas of Cooperation
Panama and Italy share a strategic partnership in various sectors, including:
- Commerce
- Logistics
- Industry
- Services
During the discussions, Deputy Pietrella praised Panama’s progress in promoting productive inclusion. Specifically, he highlighted the “Mujer Exporta” program, which empowers women in international trade and strengthens micro, small, and medium enterprises.
Facilitating Trade and Investment
Moltó also discussed Panama’s ongoing efforts to enhance trade facilitation. Recent initiatives include reducing costs associated with sanitary registrations. These measures aim to streamline processes, improve competitiveness, and attract Italian investments.
Upcoming Economic Events
The President of the Italian-Panamanian Chamber of Commerce, Vittorio De Sanctis, formally invited Minister Moltó to speak at the upcoming Meeting of Italian Chambers of Commerce in Latin America. Scheduled for April in Panama, the event will gather representatives from over 25 chambers across the region.
Additionally, Minister Moltó encouraged the Italian delegation and businesses to participate in key economic events that Panama is hosting this year. Notable events include:
- Expocomer
- World Free Zones Congress
- World of Coffee
- Annual meeting of the Latin American and Caribbean Development Bank (CAF)
Active Trade Between Italy and Panama
Panama has been actively exporting various products to Italy, such as woods, cement, alcoholic beverages, and fruits. Currently, over a dozen Italian companies operate in Panama’s strategic sectors, establishing a foundation for expanding bilateral trade and attracting further investments.
These collaborative efforts mark a pivotal step towards strengthening Panama’s ties with Italy, facilitating transparency and clear business rules for mutual benefit.
