Happy Thanksgiving!

Greetings,

Happy Thanksgiving!

Please note that our New York Office will be closed November 27 and 28 - our Panama office will be closed on December 1 and December 8.

Photo by Juliette Passer 2014

May you find time

this Thanksgiving

to enjoy the things

you hold closest

to your heart!

Regards,

Juliette and the NY - Panama Team

Potentially - A Walmart Distribution Center in Panama

Photo by Juliette Passer, 2014

Panama reserves supermarket operations for local companies, so there could be confusion over the news report from Prensa.com, which states that "... Through a letter signed by Panamanian President Juan Carlos Varela, a group of businessmen, headed by the general manager of the Colon Free Zone (CFZ), Surse Pierpoint- are seeking to attract the attention of executives at Walmart US to install a distribution center for Latin America in Panama ", indicating the Colon Free Zone (CFZ) as 'the right place'."

The move by entrepreneurs from the CFZ could be understood as a way to bolster their arguments as part of the pressure being exerted on the government for the CFZ to be accorded the same tax privileges as other zones in the country. Beyond this, it is clear that a market opening for Walmart in the large scale retail sector will be on the negotiating table, something which up to now has been rejected.

Severo Sousa, president of the Logistics Business Council, a member of the group of entrepreneurs that is driving the initiative, said "... "I always thought it was a good idea to attract Walmart, to sell them the benefits that Panama has to offer, so that they will set up here, and have it as a flagship company to attract other businesses of this type to the country."

Happy Independence Day, Panama!

Greetings,

The NY-Panama team wishes all our Panamanian friends and associates Happy Independence Day!   We share with you your Panamanian Pride and success. 

Below is an interesting fact about Panama’s independence from Colombia from the Official website of Panama    www.visitpanama.com  

On November 3, 1903, independence was proclaimed in Panama City, a decision that was immediately backed in the rest of the country, and the Panamanian society declared this territory a sovereign independent state under the name of the Republic of Panama. 

The historical document that stated this proclamation, the Declaration of Independence of the Isthmus, was written that historic morning of the third by the very leader of the revolution, José Agustín Arango, to an eminent Panamanian jurist who was a prominent figure in the country's Liberal Party and political life, Dr. Carlos Antonio Mendoza.