AGP Executive Report
Last update: 6 hours agoCanal & Trade: The Panama Canal moved a record 521 million tons of cargo in fiscal 2026, with nearly 14,000 ship transits. Disruption around the Strait of Hormuz boosted traffic, but drought has since forced daily slots down from 41 to 32, underscoring the waterway’s exposure to El Niño. Business Investment: Swedish engineering company SKF plans to establish a Panama distribution center serving Central America, Mexico, Colombia, Ecuador and Peru, with operations expected to begin in about 17 months. Earthquake Recovery: CCRIF will pay Panama US$17.4 million after the October 9 earthquake triggered its parametric insurance policy, providing funds for the government’s response. The quake damaged schools and other public infrastructure. Economic Outlook: Panama is among the region’s faster-growing smaller economies, supported by services, logistics and capital inflows; the World Bank expects Panama, Costa Rica and the Dominican Republic to grow an average of 4.1% this year. Trade Relations: Panama has been removed from the EU’s tax-haven blacklist, a notable shift for the country’s international business standing.
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