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Home >International Network >Panama

PANAMA

The Republic of Panama is a country located at the southern tip of Central America, on the Isthmus of Panama. It borders Costa Rica and Colombia, of which it was formerly a part. The country has an area of 75,517 sqkmand a population of nearly 4.16 million, for a GDP of US$55 billion (source: FMI – Tresor, 2017).

Panama has the most powerful economy in Central America and owes its economic growth mainly to the Panama Canal. Panama City is the most important financial centre in Central America. Its main resources come from activities related to financial services, trade and tourism, which play a major role in the country economy. Its main economic partners are the United States, China and Mexico.

France is also part of the Panamanian landscape with an economic presence that has been consolidated in recent years (trade, direct investment and major contracts). French companies have also taken part in many large-scale projects accompanying Panama’s development: contract for the construction of a water treatment plant won in 2009 (Degrémont – inauguration of the station in 2013), third bridge over the canal at the end of 2012 (Vinci), first metro line inaugurated in April 2014 (participation of Alstom, Thalès Cim, Tso, Sofratesa, and Systra) and contract for the second line won in July 2015.

In order to meet the needs of its customers on the Panamanian market, Simon Associés has developed privileged relations with economic and legal partners locally.

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