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Panama hits back at 20 jurisdictions with its own blacklist

13/03/2018 News Team

Panama's ministries of economy and finance, foreign affairs and trade, and industry have jointly issued an initial list of 20 jurisdictions in Latin America, Europe and Asia that affect Panama's economic and commercial interests and apply "discriminatory or restrictive measures".

The list, created by resolution and signed by the ministers of the respective portfolios - Dulcidio De La Guardia, Isabel de Saint Malo de Alvarado and Augusto Arosemena - is the first step in Panama's evaluation of reciprocal actions towards countries that discriminate against it, as established by Law 48 of October 26, 2016.

According to Law 48, the corresponding diplomatic steps, propose and approve actions against States that affect the economic and commercial interests of Panama.

The countries included in the list of Panama are: Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay, Venezuela, Croatia, Slovenia, Estonia, France, Greece, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia.

The measure will be effective as of its publication in the Official Gazette.

 

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