The Panamanian government is working diligently to restore confidence and open new business opportunities through a strategic approach that combines diplomacy, transparency, and cooperation. Panama is facing significant challenges due to its inclusion on blacklists that restrict its access to international markets and generate distrust among investors.
This has had a significant impact on local businesses by increasing their operating costs, decreasing their competitiveness, and hindering the country’s economic growth. The government, led by President José Raúl Mulino, has initiated a titanic effort to reverse this situation and attract foreign investment by demonstrating commitment to global standards.
The power of international relations becomes fundamental for Panama to overcome the limitations imposed by blacklists. The country has drawn inspiration from past experiences to establish new alliances and improve its position on the international stage, seeking to exit these lists and strengthen its global image.
In this regard, President Mulino has intensified dialogue efforts with countries that have imposed these color lists, seeking not only to be removed from these lists but also to strengthen Panama's reputation worldwide. Panama's history is marked by strategic negotiations that have been key to its development, such as the Torrijos-Carter Treaties and the Free Trade Agreement with the United States.
Understanding the relevance of international relations, a comprehensive strategy has been proposed that seeks to establish constructive dialogues with key nations and organizations. The government has adopted fiscal transparency measures and has implemented the Financial Transparency Initiative since 2016, demonstrating its commitment to improve the country’s international reputation.
