Jul 17, 2015
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Panama packs a punch as Canal project makes it even stronger
The country can definitely punch above its weight, but what makes it so special, and how can British exporters make the most of the opportunities? Panama returned to democracy in 1989 and now enjoys the political and macroeconomic stability many countries in Central and South America crave.
Unemployment is around 4%. Foreign Direct Investment (FDI) was over $2bn in 2010. And to top it all, credit rating agencies S&Ps and Fitch have given Panama the BBB rating.
The publicly-managed Panama Canal attracts directly and indirectly most of the investment, employment and trade for the country, particularly during its current expansion.