WHY PANAMA?
The Republic of Panama has positioned itself as a logistic hub of the Americas due to several key factors that contribute to its strategic advantage.
Panama's geographic advantages, world-class infrastructure, business-friendly environment, and stability make it an attractive destination for companies wishing to expand their operations in the region.
Panama is a modern city projected into the future, which has a strategic geographical position that historically and to this day makes it a convergent point of international trade.
Panama City’s maritime and aerial infrastructure goes hand in hand with the demands of a globalized world. The economic and social stability, the american dollar, and its advanced communications technology, have solidified Panama’s standing as of one Central and South America’s major logistical hubs.
The following factors position Panama City as a logistical hub of the Americas, serving as a gateway for international trade and business activities between North and South America.
1.
Geographic location:
Panama’s location is critical as it connects North America and South America. Serving as a natural bridge between the two continents, the Panama Canal plays a crucial role as a shipping route for international trade. This strategic location allows for efficient transportation and logistics, making Panama an ideal hub for global connectivity.
2.
Panama Canal:
The Panama Canal is one of the world’s greatest engineering marvels. It provides a vital shortcut for maritime trade, significantly reducing distances and shipping costs between the Atlantic and Pacific oceans. The expansion of the canal in 2016 further increased its capacity, allowing the transit of larger vessels, enhancing Panama’s role as a major key transportation hub.
3.
Logistics and infrastructure:
Panama has invested heavily in the development of a world-class transportation and logistics infrastructure. It has modern ports, an extensive road network, an international airport and a solid system of free zones and special economic zones. These infrastructure developments make it an attractive location for companies seeking efficient supply chain and distribution management in the Americas.
4.
Multilingual workforce
It benefits from a multilingual and skilled workforce. Many Panamanians are bilingual, speaking Spanish, English, and many other languages, which facilitates business interactions with various markets in the Americas. This linguistic advantage contributes to the attraction of Panama as a regional hub for international companies.
5.
Economic and political stability:
Panama has implemented favorable policies and incentives for companies in the logistics field. It has a stable economy and a well-developed legal framework for trade. In addition, the US dollar as the official currency, which provides economic stability and facilitates international transactions.
