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Archive for Panama

Newsline: Panama recalls EU ambassador over tax haven list

Panama recalled its ambassador to the EU from Brussels for consultations after the Central American country was included on a European Union blacklist of countries deemed as tax havens, the government said on Wednesday. European Union finance ministers adopted a blacklist of 17 jurisdictions deemed tax havens on Tuesday, in an unprecedented step to counter worldwide tax avoidance, although they did not agree on financial levies for the listed countries. “Given the unfortunate incorporation of the country in this discriminatory list, the Republic of Panama has decided to call its Ambassador to the European Union, Dario Chiru, to assess the steps to be followed moving forward,” the government said in a statement. The list also included American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates (UAE).

https://www.reuters.com/article/us-eu-ecofin-tax-panama/panama-recalls-eu-ambassador-over-tax-haven-list-idUSKBN1E02M5

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Newsline: Panama Opens First Embassy in China After Axing Taiwan Ties

Months after breaking ties with Taiwan, Panama has opened its first embassy in China’s capital of Beijing in what has been described as a “historic” move. Panama’s President Juan Carlos Varela hailed the move as “historic” and reiterated his commitment to the “One China” policy. Varela first considered axing diplomatic ties with Taiwan in 2006, shortly after he became leader of his party, but he didn’t make the move until June of this year. Varela, currently on a week-long visit to China, is due to meet Chinese President Xi Jinping. The two are expected to sign a number of agreements on everything from the economy to trade and tourism.

https://www.telesurtv.net/english/news/Panama-Opens-First-Embassy-in-China-After-Axing-Taiwan-Ties-20171116-0040.html

Newsline: Former Panamanian Embassy in London Getting Second Calling as £75M Home

A London mansion opposite the Victoria and Albert Museum that served as the Panamanian Embassy and the home of ballerina Dame Margot Fonteyn was released for sale Monday, with a price tag of £75 million (US$98.99 million). Amberwood House, in London’s swanky Knightsbridge neighborhood, served as the Panamanian Embassy between the early 1930s and late 1990s. It was the home of Fonteyn, a prima ballerina assoluta (a now rarely-used title awarded to the most notable of female ballet dancers) with the Royal Ballet, during the 1950s and 1960s, according to a news release, following her marriage to Dr. Roberto Emilio Arias in 1955, who became the Panamanian Ambassador that same year.

https://www.mansionglobal.com/articles/78943-former-panamanian-embassy-in-london-getting-second-calling-as-75m-home

Newsline: Panama opens embassy in Beijing after break with Taiwan

Panama has opened an embassy in China, the Central American country’s Foreign Ministry said on Tuesday, deepening its links with the world’s No. 2 economy after its diplomatic break with longtime ally Taiwan. Panama established diplomatic ties with China in June and broke with Taiwan in a major victory for Beijing, as it lures away the dwindling number of countries that have formal relations with the self-ruled island that China regards as a wayward province. “The opening of the embassy of the Republic of Panama in the People’s Republic of China has been done in accordance with the rules that dictate diplomatic relations between the two countries,” Panama’s Foreign Ministry said in a statement. It added that the embassy was already functioning, although an ambassador had yet to be installed. Speaking in Beijing, Chinese Foreign Ministry spokesman Lu Kang said China’s trade office in the country had on July 13 formally become its embassy in Panama.

https://www.reuters.com/article/us-panama-china-idUSKBN1AA2V7

Newsline: Taiwan to close embassy in Panama on July 12

Taiwan will officially close its embassy in Panama on Wednesday as the former ally does the same in Taiwan, Ministry of Foreign Affairs spokeswoman Eleanor Wang said Tuesday. The embassies will shut down, diplomatic staff will leave, and implementation of all bilateral cooperation programs and agreements between the two countries will be terminated, Wang said at a press conference held by the ministry. Wang noted, however, that the ROC-Panama free trade agreement (FTA) will remain in force until the two sides reach a new consensus on bilateral trade relations or strike a new trade deal. Although Panama has repeatedly expressed the hope that the two sides open commercial offices in each other’s territory, Taiwan’s economic and trade authorities are still studying the proposal, Wang said. Also, questions like whether or not the proposed offices would have consular functions, such as issuing travel documents, are still to be resolved through bilateral talks, she added. Panama switched its diplomatic recognition from Taiwan to China on June 13 (Taiwan time).

http://focustaiwan.tw/news/aipl/201707110009.aspx

Newsline: China to Upgrade Trade Development Office in Panama to Embassy

The China-Panama Trade Development Office, currently China’s highest representative office in the country, will be upgraded to a full Chinese embassy. Wang Weihua, permanent representative of the office, disclosed that the embassy will be built in Panama City. Wang’s remarks came soon after China and Panama signed a joint communique on the establishment of diplomatic relations on June 13. More staff will be recruited and a new location will be scouted to build a more permanent embassy, Wang said. The Office of China-Panama Trade Development is located in an office building.

https://sputniknews.com/politics/201706151054644172-china-upgrades-panama-office-embassy/

Newsline: Panama Opens Embassy in Morocco

he headquarters of the Embassy of the Republic of Panama in Morocco was inaugurated in Rabat, in the presence of the Panamanian Vice Minister of Foreign Affairs, Mayra Arosemena and several Moroccan officials. The Panamanian Vice Minister of Foreign Affairs welcomed, in a statement to the press, the opening of Panama’s embassy in Morocco, expressing her country’s readiness to promote bilateral cooperation with Morocco. She expressed optimism about further strengthening bilateral economic and trade relations, adding that Morocco is a gateway to Africa, while Panama is considered an entry point to South America, Central America, and the Caribbean. For her part, Bouaida said the inauguration of the Panamanian Embassy in Rabat is a landmark in Moroccan-Panamanian relations which is heralding a promising future in terms of political and economic exchanges.

http://www.moroccoworldnews.com/2014/04/128808/opening-of-embassy-of-panama-in-morocco/