Panama creates list of countries that discriminate, to protect economic and commercial interests

PANAMA CITY, March 12, 2018 /PRNewswire/ -- 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.

SOURCE Panamanian Ministries of Economy and Finance