EENI Global Business School
Business in Panama (Canal)

Syllabus of the Subject: Foreign Trade and Business in Panama. Panama Canal

  1. Introduction to the Republic of Panama (Central America)
  2. Panamanian Economy
  3. Doing Business in Panama City
  4. International Trade (Import, Export) of Panama
  5. Panama Canal
  6. Cases study:
    1. City of Knowledge
    2. Colon Free Zone
    3. Set-up a Company in Panama
  7. Clusters of Investment:
    1. Services
    2. Tourism
    3. Logistics
    4. Information Technologies
    5. Energy
    6. Agribusiness
  8. Investing in Panama
    1. Legal Framework for foreign investment (FDI) in Panama
    2. Foreign Companies in Panama
  9. Access to the Panamanian Market
  10. Business Plan for Panama

The purposes of the subject “Foreign Trade and Business in the Republic of Panama” are the following:

  1. To analyse the Panamanian Economy and Foreign Trade (Import, Export, FDI)
  2. To know the business opportunities in the Republic of Panama
  3. To explore the Panamanian trade relations with the country of the student
  4. To know the Panamanian Free Trade Agreements
  5. To understand the role of the Panama Canal and the Colon Free Zone
  6. To develop a business plan for the Panamanian Market

Sample - Doing Business in Panama
Colon Free Zone (Panama, Course)

The Subject “Foreign Trade and Business in Panama” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
  1. Masters: Business in America, International Business, Foreign Trade
  2. Doctorates: American Business, World Trade
  3. Course: Business in Central America

Learning materials in Courses, Masters, Doctorates in International Business in English or Study Master Doctorate Business in Spanish Panamá Study, Master in International Business in French Panama Masters Foreign Trade in Portuguese Panamá

Online Students, Master in International Business and Foreign Trade

  1. Credits of the subject “Foreign Trade and Business in Panama”: 1 ECTS Credits
  2. Duration: one week

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Description: Foreign Trade and Business in Panama.

Panamanian Free Trade Agreements (FTA) and Market Access:

  1. Panama and the Latin American Economic Area
  2. Central American Integration System (SICA)
    1. Central American Common Market - Integrated with the SICA -
  3. Association of Caribbean States (ACS)
  4. Latin American and Caribbean Economic System (SELA)
  5. Mesoamerica Project
  6. Panama has Free Trade Agreements (FTA) with European Union, Andean Community, and the European Free Trade Association (EFTA)
  7. Panama-Costa Rica Free Trade Agreement (FTA)
  8. Singapore-Panama Free Trade Agreement (FTA)
  9. United States-Panama Free Trade Agreement (FTA)
  10. Canada-Panama Free Trade Agreement (FTA)
  11. Panama-Taiwan Free Trade Agreement (FTA)
  12. Panama-Chile Free Trade Agreement (FTA)
  13. Central America (Costa Rica, El Salvador, Honduras, Nicaragua)-Panama Free Trade Agreement (FTA)
  14. Panama-Dominican Republic Partial Scope Agreement
  15. Mexico-Panama Free Trade Agreement
  16. South Korea-Central America (Costa Rica, El Salvador, Honduras, Nicaragua, Panama) Free Trade Agreement (FTA)
  17. Panama-Guatemala Free Trade Agreement (FTA)
  18. Panama-Honduras Free Trade Agreement
  19. Panama-Nicaragua Free Trade Agreement (FTA)
  20. Panama-El Salvador Free Trade Agreement (FTA)
  21. United Kingdom-Central America Free Trade and Economic Integration Agreement
  22. Latin American Integration Association (ALADI) (observer country)
  23. Union of South American Nations (UNASUR) (observer country)

Central American Integration System (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama)

Central American Common Market: Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica

International Trade and Business in Panama

The Republic of Panama (America):

  1. Capital of Panama: Panama City
  2. Panamanian Population: 4 million people
  3. Panamanian Area: 75,517 square kilometres
  4. Borders of Panama: Costa Rica and Colombia
  5. Panamanian official language: Spanish
  6. Panama became independent from Spain in 1821
  7. Abolition of Slavery in Panama: 1824
  8. African Diaspora in Panama: 0.4 million people (14% of the Panamanian population)

Main religion in Panama: Christianity - Catholicism (3 million) and Protestants

Panama belongs to the Western Civilisation - Latin American Economic Area

Panama City Business

Panamanian Economy.

  1. The main pillars of the Panamanian economy are the Panama Canal, banking, and financial services and Colon Free Trade Zone (the largest duty-free zone in the Americas)
  2. The Balboa and U.S. Dollar (USD) are the official currencies of Panama
  3. Panama has no central Bank; it does not have a devaluation risk, having total freedom to transfer capitals
  4. The International Banking centre of Panama, with more than seventy international banks, is governed by the Basel Convention principles
  5. The City of Knowledge is an international complex for education, R & D, organised to promote and facilitate the synergy between universities, scientific research centres, and international organisations
  6. In the Republic of Panama, they were installed five submarine fibre optic cables communicating North America and South America and the Caribbean with the world, making it the ideal location for telecommunications companies and data centres. Leading companies (MCI, Cable & Wireless and Movistar) have been implemented in Panama
  7. The Republic of Panama has been selected by largest multinational companies such as Samsung Electronics, Inc., DHL, DELL (Call centre), Hutchinson Port Holding Group, HSBC, BICSA, Scotiabank, Assicurazioni Generali, or American Life Insurance Company as headquarters for their regional operations
  8. The main international organisations such as UNICEF, United Nations Development Programme, Organisation of American States, Spanish International Cooperation Agency (AECI) and Bladex, among others, have chosen Panama to establish their regional headquarters

European Free Trade Association (EFTA)-Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua) Free Trade Agreement (FTA)

International Trade of Panama.

  1. The Colon Free Zone is the second largest duty-free Trade Zone in the World (2,500 enterprises, 27,347 employments, 16,160 million dollars in imports and re-exports (international trade)
  2. Panamanian Exports: 821 million dollars
  3. The main Panamanian export products are salmon, tuna, beef, watermelon, shrimp, and pineapples
  4. Top export partners of Panama (as% of total export value) are the United States 42%, China and Taiwan 5.3%, Costa Rica 7.3%, Sweden 5.4%, the Netherlands 6.5%, and Spain 6.2%.
  5. Top import partners of Panama: the United States 29%, Costa Rica 5.2%, Mexico 4.5%, China 4.2%, and Japan 3.6%.

European Union-Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua) Free Trade Agreement (FTA)

Panama Canal.

  1. The Republic of Panama has a privileged geostrategic position that makes it one of the largest logistics centres in the World; with the Panama Canal as a major axis, the Panama Canal over 190 million metric tonnes of cargo (container, Bulk) are transported, serving more than 120 Maritime routes to eighty countries
  2. 80 kilometres between the Pacific and Atlantic Oceans, 8 to 10 hours to transit
  3. 14,000 ships pass through the Panama Canal every year
  4. International transportation activities through the Panama Canal representing 5% of global foreign trade (Import, Export)
  5. Foreign trade increase, especially between Asia and the United States, continues to have a significant impact on demand for services
  6. The Panama Canal seeks to increase both the number of Panamax transits and the UMS tonnage (Tonnage System Channel)
  7. The Expansion project of the Panama Canal (1 billion dollars) offers significant business opportunities for companies around the world

Panama-Canada Free Trade Agreement

Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua)-Panama Free Trade Agreement (FTA)

Taiwan-Panama Free Trade Agreement

Mesoamerica Project (Mexico, Belize, Colombia, Costa Rica, Guatemala)

Panama-Singapore Free Trade Agreement (FTA)

United States-Panama Free Trade Agreement (FTA)

Panama-Andean Community Agreement

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