Panama Canal expansion could widen markets for Minnesota farmers
January 10th, 2016
Source: Star Tribute
Minnesota soybean farmer Joel Schreurs was in Panama last month, taking separate tours of the past and the future. Schreurs was in Panama with soybean leaders from several states because the canal is critical for U.S. soybean exports. About 1 billion bushels of the typical 4 billion-bushel U.S. harvest are shipped annually down the Mississippi River to the Gulf of Mexico, according to industry estimates. Some of that will head to Europe and Africa, but about 600 million bushels will go west, and transit the Panama Canal en route to Asia.
Dubai Targets Mexico, Panama for UAE Investment & Trade
January 6th, 2016
Source: Latin One
The Department of Economic Development in Dubai has recently toured Mexico and Panama as part of their focus for the Americas as their major source market for investment and trade in the UAE, as reported by Albabawa Business. Chief Executive Officer of the Dubai Investment Development Agency Fahad Al Gergawi and Deputy CEO Khalid Al Boom has already made contact with business representatives and investors in Mexico City and Panama City during their visits, speaking with them about the benefits of doing businesses in Dubai, as well as the diversity of infrastructure and services. Al Gergawi said, "Recent developments are set to enhance the UAE's bilateral engagement with Mexico as well as Panama remarkably."
Panama: Infrastructure Projects in 2016
-January 5th, 2016
Source: Central America Data
The Varela administration has presented plans to develop projects this year, announcing that after negotiating with contractors, work will resume on 'Health City 'and 'Sports City' in Chiriqui. Among the new projects that President Varela announced for this year, are the first 'Higher Bilingual Technical Institute ", with capacity for 5000 students, the fourth bridge over the Canal, Metro line 3, the expansion of the roads Panama -Arraiján (eight lanes) and Chorrera-San Carlos (six), the new water treatment plants in Santiago, Gatun and Sandy, and expansion of those in Chilibre and Sabanitas, sewerage networks and treatment plants in Santiago and David, the extension of the 'hydraulic ring' in the capital, and the construction of sewerage systems in district capitals.