|
Panama is at the top of the list of the countries with best access to capital, ranking in Latin American only after Chile and Brazil, according to a report from the Milken Institute published in 2005. The test of this report took into account
the economic environment, banking development, capital markets, international
recognition and sovereign risk.
Panama
had previously been ranked amongst the world’s freest economies. Panama
is a member of the World Trade Organization (WTO) and is a beneficiary of the
Caribbean Basin Initiative (CBI). In 2006 Panama is negotiating a Free Trade Agreement with the United States. Panama
has initiated formal negotiations pertaining to free trade agreements with numerous
countries and regional groups.
|