Doing Business in Panama. The Canal
EENI - Business School
Learning unit: International trade and business in Panama. Syllabus:
- Introduction to Panama (Central America).
- Economy of Panama.
- International trade.
- Business in Panama City.
- The Panama Canal.
- Cases study:
- City of Knowledge.
- The Colon Free Zone.
- Set-up a company in Panama.
- Introduction to Spanish
- Access to the Panamanian market
- Business plan for Panama.
Learning unit summary (Doing Business in Panama)
The main pillars of the economy of the Republic of Panama (America) are:
The Panama Canal, Banking and Financial services and the
Colon Free trade Zone (biggest duty-free zone in the Americas)
The Colon Free Zone is the 2th biggest
Duty Free Trade Zone of the world (2.500 enterprises, 27.347 employments, 16.160 million dollars in imports and re-exports (international trade).
The Panama Canal (80 kilometers between the Pacific and the Atlantic Oceans,
8 to 10 hours to transit) is implementing an important modernization program
of 1 billion dollar, generating big business opportunities
Religion in Panama: Christianity Catholicism
(3 million) and Protestants).
Organizations and trade agreements
Course learning materials: or Panama
Examples Doing business in Panama
International trade of Panama
- Exports of Panama: 821 million dollar. Main export
products: salmon, tuna, beef,
watermelon, shrimp, and pineapples.
- Top Export partners of Panama (as % of total export value): United States 42%,
People's Republic of China and Taiwan 5.3%,
Costa Rica 7.3%, Sweden 5.4%, Netherlands 6.5%, Spain 6.2%.
- Top Import partners of Panama: United states 29%, Costa Rica 5.2%, Mexico 4.5%,
China 4.2%, Japan 3.6%.
Canada - Panama Agreement:
Agreement Panama Taiwan:
Agreement Panama Singapore: