Moderators Moderator_02 Posted March 11, 2018 Moderators Share Posted March 11, 2018 Quote 20 countries affecting Panama interests listed Posted on March 9, 2018 in Business, Panama, Panama Post Views: 406 PANAMA has joined the US in complaining about tariffs in other countries and has issued a list that includes 20 jurisdictions in Latin America, Europe, and Asia that apply discriminatory or restrictive measures to the Republic affecting economic and commercial interests. The list is the first step in the evaluation of reciprocal actions towards the countries that discriminate against Panama, as established by Law 48 of October 26, 2016, which governs the process to apply retaliatory measures, says the Ministry of Foreign Relations The countries listed are: Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay, Venezuela, Croatia, Slovenia, Estonia, France, Greece, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia, jurisdictions that keep Panama included on different discriminatory lists. According to the law diplomatic steps must first be taken and then proposed actions against states affecting the interests of Panama approved http://www.newsroompanama.com/news/panama/20-countries-affecting-panama-interests-listed Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 14, 2018 Author Moderators Share Posted March 14, 2018 Quote Panama Defends its Commercial Interests As a step prior to the implementation of specific retaliation measures, the government has published a list of 20 countries whose discriminatory actions have affected Panama's economic and commercial interests. Monday, March 12, 2018 The Ministry of Foreign Affairs reported that " ...The Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama issued an initial list of 20 jurisdictions in Latin America, Europe and Asia that apply discriminatory or restrictive measures to the Republic of Panama"From a statement issued by the Ministry of Foreign Affairs: 9 March, 2018 (Panama City, Panama) – The Panamanian Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama, issued a list of 20 jurisdictions in Latin America, Europe and Asia that apply discriminatory or restrictive measures against the country and that affect their economic and commercial interests. The list, created by resolution and signed by the ministers of the respective portfolios-- Dulcidio De La Guardia, Isabel de Saint Malo de Alvarado and Augusto Arosemena-- is the first step in Panama's evaluation of reciprocal actions towards countries that discriminate against it, as established by Law 48 of October 26, 2016. According to Law 48, the corresponding diplomatic steps, propose and approve actions against States that affect the economic and commercial interests of the nation. The countries included in the list of Panama are: Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay, Venezuela, Croatia, Slovenia, Estonia, France, Greece, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia, jurisdictions that keep Panama has included in different discriminatory lists. The measure will be effective as of its publication in the Official Gazette. See "Law 48 of October 26, 2016" (in Spanish). The legal document itself: Quote https://www.centralamericadata.com/en/article/main/Panama_Defends_its_Commercial_Interests Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 17, 2018 Author Moderators Share Posted March 17, 2018 Quote Panama prepares trade retaliation against 20 countries efe-epa Panama City 9 Mar 2018 The Minister of Commerce and Industry of Panama Augusto Arosemena speaks at a press conference in Panama City, Panama, March 9, 2018. EPA-EFE/Bienvenido Velasco Panama's foreign ministry on Friday published a list of 20 countries that discriminate against Panamanian imports as a first step toward establishing reciprocity measures. The list includes Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay, Venezuela, Croatia, Slovenia, Estonia, France, Greece, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia. Hours before, Panamanian Trade Minister Augusto Arosemana told the press that the publication of the list was a "very novel step in our country's foreign policy." "We have the responsibility to defend the interests of Panama on the world stage. When we passed the retorsion law in 2016 ... we had anticipated this step but we evidently had to exhaust prior efforts," the minister said. In Sept. 2016, the Panamanian congress passed a retorsion law that reinforces the migratory, fiscal and tariff measures that the government can use to retaliate against other countries. France included Panama on a list of tax havens in April 2016, after the "Panama Papers" scandal broke out showing how rich individuals and corporations use offshore schemes to avoid taxes, while Colombia has applied tariffs on certain re-exports from the Panamanian Colon Free Trade Zone for more than five years, despite a World Trade Organization ruling against it. In Dec. 2016, Panama was also included on a European Union blacklist of tax havens, although one month later the Central American nation and seven other countries were taken off and put on an under observation grey list. https://www.efe.com/efe/english/business/panama-prepares-trade-retaliation-against-20-countries/50000265-3548246 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted May 5, 2018 Author Moderators Share Posted May 5, 2018 Quote Greece and Uruguay are removed from list of countries that discriminate against Panama Fri, 05/04/2018 - 14:01 Greece and Uruguay were excluded by Panama from the list of countries that discriminate against the Central American nation as non-cooperating in tax matters, in a decision approved by the Panamanian Foreign Affairs, Economy and Trade and Industry portfolios. The Panamanian Government, in a resolution published in the Official Gazette of the State dated April 30, 2018, states that the measure was adopted by virtue of the principle of reciprocity that governs international relations and the fact that both Greece and Uruguay excluded Panama from their lists. The resolution highlights that Uruguay had subjected its decision to eliminate Panama from its lists upon fulfillment of two conditions. One of these conditions was to be excluded from the list of countries that discriminate against Panama, and the other was the identification and notification of Uruguay as a partner for the automatic exchange of information on financial accounts prior to May 16, 2018 "provided that this information includes what corresponds to 2017". Greece excluded Panama from its list of non-cooperative countries last February, as communicated by the Hellenic Government through a verbal note to Panama on March 15, 2018, in accordance with the Panamanian resolution. The Panamanian Foreign Ministry said on March 29 that the announcement of Greece came "days after the Administration of President Juan Carlos Varela issued a list of 20 jurisdictions in Latin America, Europe and Asia, including Greece, which apply discriminatory or restrictive measures, as a first step to apply reciprocal measures". An official source told Efe on that occasion that after the Greek decision, Panama will exclude that country from its list, which also includes Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay -now excluded-, Venezuela, Croatia, Slovenia, Estonia, France, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia. Panama published on March 9 its first list of countries that apply discriminatory or restrictive measures, as a "first step in the evaluation of reciprocal actions" in immigration, tax and tariff matters. On March 15, the foreign ministers of Panama, Isabel De Saint Malo, and of Brazil, Alysio Nunes, talked to withdraw from each other's respective restrictive lists, in a bilateral meeting within the framework of the World Economic Forum for Latin America, held in Sao Paulo. The issue of the Panamanian list would also have been addressed by the Trade Ministers of Colombia, María Lorena Gutiérrez, and of Panama, Augusto Arosemena, at a meeting held in the Central American capital on March 12. http://www.panamatoday.com/economy/greece-and-uruguay-are-removed-list-countries-discriminate-against-panama-6780 Quote Link to comment Share on other sites More sharing options...
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