DIFFERENT BUSINESS ACTIVITIES IN PANAMA

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marzo 31, 2018 turismo No hay comentarios

DIFFERENT BUSINESS ACTIVITIES IN PANAMA

Panama’s economy is more stable, dynamic, promising and fastest growing in the marketplace.

The World Bank estimates the country has the highest per capita income of about $ 12,503 Central America,

is also the largest exporter and importer regionally.

In Panama’s economy is divided into different sectors: Primary Sector Secondary Sector Tertiary Sector.

Primary Sector

About 9 % of the land is cultivated Panama. Most agricultural production is obtained in commercial farms and is intended for export.

Major crops and crop -production groups are:

sugar cane (1.77 million), fruit (659 283 t), mainly banana or banana, banana and orange male , rice (280,000) , corn (70,000), coffee ( 13,153 ) and tomato.

In livestock had 1.56 million head of cattle, 286,200 pigs and approximately 14.9 million poultry.

Forest products are composed of Panama by a wide variety of woods, including mahogany highlights.

The country has substantial forest reserves, nearly 57 % of its soil, sometimes difficult to operate due to poor transport infrastructure.

The annual wood production was about 1.35 million m³ Fishing has experienced in recent decades a strong development

and today is one of the most important industries in the country,

in 2005 a total of 222 756 tonnes, mainly shrimp , blue fish and shrimp.

Secondary Sector

Panama is a country of heavy industry because it lacks iron, coal, oil and basic resources for industrialization.

Instead, it has a very diversified industry geared towards the production of consumer goods and light industry,

which contributes to the development of the country causing jobs, supplies the local market and exporting certain products.

Among the country’s main industries are: The sugar Textiles Cement Dairy Specialities Poultry Alcoholic Drinks The construction industry Foodstuffs Wood.

Terciary Sector

Panama in the tertiary sector allows exchange of products, distribution at national and international level and covers

all services provided to the population to meet their needs.

Among the different arias have to enter the country: The Way tourism trade and transport communications development of financial capitalism.

Panama has a comparative advantage as a provider of international services, including transport across the Channel .

The orientation of the economy towards services Panama makes the country an

international center of activities such as shipping , distribution services and banking.

The process of releasing the Foreign Trade in Panama since its entry to the WTO in 1997 , allows you to provide the following benefits:

* Liberal trade regime for goods and services

* Deep integration into the world economy

* It grants MFN treatment to its trading partners

* Simplified Tariff Treatment (Ad Valorem )

* A forum to resolve disputes by alternative means (ADR )

Expansion of the Panama Canal

Currently , the Panama Canal we are expanding so they can move through it ships with up to 12,000 TEUs .

This will involve greater movement of trade through this route , and the largest port expansion in the region.

The cluster of logistics and transportation services will expand further and greatly increase their competitive advantage in the region by the economies of scale involved.

The Canal expansion will be completed in 2014 and will be spent on this 5,250 million.

Another 2 billion dollars will have been invested in expansion port before completing the expansion of the Canal.

Investment

Investment in Panama has become in recent years the main drivers of GDP growth since 2004 FDI exceeded U.S. $ 1,000 million, a record for the country from there has sold leading the Central American region as quantity of investment. [30] and ranks second in foreign investment per capita in Latin America, after Chile.

Exports

According to ECLAC , Panama exported in 2009 16.209 million dollars , which puts the country at the tenth position in exports in Latin America .

The main export products are: Various Foods ( Bananas , coffee, etc. . ), Along with solid waste.

Exports Ratios of Solid Waste.

Panama’s exports fell 9.6% in September 2009, according to a preliminary report by the Statistics and Census of the Comptroller released on November 13 .

Certificate of Promotion of Agricultural Exports ( CEFA ) is the new incentive to replace the Tax Credit Certificate (CAT ) .

Deputy Minister of Agricultural Development, Víctor Luis Viallarreal said the bill creating the CEFA will be presented in the coming weeks to the Assembly.

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