ProPanama project reaches the National Assembly

The Minister of Commerce and Industries (MICI), Ramón Martínez presented this Wednesday before the plenary session of the Legislative Organ the bill that creates the National Authority for the Attraction of Investments and Promotion of Exports (ProPanamá), which will promote, coordinate and execute policies and strategies focused on attracting good investments and positioning our exportable offer internationally.

 

During his speech, the head of the MICI stressed that this initiative is the result of the analysis carried out between different institutions, which evaluated, among other aspects, the movement of the flows of Foreign Direct Investment (FDI) of the country that, as complements to domestic investment In recent years, they have been around 6% of the Gross Domestic Product (GDP).

 

Within the strengths of the ProPanamá Authority, Martínez emphasized the management of investment in sectors that become new engines of development, such as the knowledge economy, creative industries or technologies that are disruptive to industry and commerce.

 

ProPanamá, currently, is an Agency that is part of the Ministry of Foreign Affairs, from where it has contributed significantly to achieving the objectives established in the Government Plan of President Laurentino Cortizo Cohen. However, as an autonomous body, with its own budget and independent administration, it will allow us to strengthen its management, he emphasized.

 

“Honorable Members, I urge you to continue supporting us in the process of economic recovery, allowing us to strengthen our key institutions. We are counting on you to achieve the changes that make Panama a more competitive country, "he said.

 

If approved by the National Assembly, the new authority will have an Administrator and a Deputy General Administrator, Consultative Committees, Operating Units and a Board of Directors, which will be made up of the ministers of the Presidency, Economy and Finance, Foreign Relations, Agricultural Development, and Trade. and Industries, two executives from the private sector and a representative of the Comptroller General of the Republic.