During the Global Business Forum on Latin America in the United Arab Emirates, a memorandum of understanding was signed between the Minister of Commerce of Panama, Augusto Arosemena and the President of the Dubai Chamber of Commerce, Majid Saif Al Ghurari, where the establishment of a regional office of the Chamber of Commerce in Panama was announced.

Minister Arosemena explained that with the signing of the memorandum of understanding, a deeper commercial relationship between Panama and Dubai was initiated, promoting the development of commercial networks, investments and greater integration of the free trade zones and special regimes of both countries.

Arosemena informed that the memorandum of understanding facilitates the exportation of Panamanian products to Dubai, which is the main gateway to the important Middle Eastern market, especially due to its high purchasing power.

The Dubai Chamber of Commerce has more than 217,000 members. For this group, Panama is a strategic and highly attractive country for investments and establishment of regional offices of Arab companies.

According to a press release, the opening of this office represents a strengthening with the United Arab Emirates in terms of commercial exchange.

Source: Capital Financiero