Strategies for promoting the agro-food exports of Panama: lessons from Korean experiences

Strategies for promoting the agro-food exports of Panama: lessons from Korean experiences

During the recent decade, Panamanian economy has been maintaining healthier economic fundamental under the high annual growth rate, low level unemployment, stable inflation etc. than other Latin American countries. This sane economic situations of Panama is owing to on the political stability, government’s large-scale construction investment projects such as expansion project of Panama Canal to develop panama into a regional logistical hub and capitalizing on its geographical advantageous position, high competitiveness of service industry sector as financial market and banking system, active logistics industry centered in canal free zone and buoyant inflow of FDI etc.

Panamanian economy, in 2011, estimated that recorded 9.5% of growth rate which was the highest rate among Latin-American countries with the exception of Chile. Panamanian economy, although growth rate would be represented slowdown than the last year, will be still strong performance in future compared with other Latin American countries in the mid-term until 2016.

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