The president of Panama, José Raúl Mulino, warned that no European company will be able to bid on public projects while the country remains on the European Union's list of non-cooperating jurisdictions. This announcement comes in response to the EU's recent update, which keeps Panama on the list. Mulino stated that although Panama's government knew the country would not be removed from the list in this review and had prepared for an October reassessment, they are maintaining the restriction that no European company can bid on their projects from now on. "This is what I have requested of the different entities," Mulino said through his official social media accounts. The Panamanian government has expressed confidence that the progress made to date will allow Panama to be removed from the list in future evaluations.
Panama's President Bars European Companies from Bidding
Panama's president has banned European companies from public project tenders while the country is on the EU's non-cooperation list, citing a need for reciprocity.