Week in Review FREE TRADE KEY
Panama’s economic growth owes much credit to the free trade agreements that have been signed in recent years, as well as private and government investments. Panama has established trade agreements with most of the 10 most competitive countries in the world, such as Singapore, United States, Canada and Taiwan. The upcoming implementation of the Trade Promotion Agreement after approval by the US Congress in late 2011 is the realization [...]
A crisis has broken out in the fishing sector say businessmen, due to a decree that bans long line fishing that was led by the Minister of the Presidency, Demetrio Jimmy Papadimitriu.
It all began on December 29, 2010, when President Ricardo Martinelli, backed Papadimitriu and gave orders to prohibit logline fishing vessels over six tons in weight (Decree 486). Since then there has been a constant number of companies closing down.
Impacted and closing [...]
The International Bunker Industry Association (IBIA) has announced that it is seeking a new Chief Executive to run the organisation from its Southampton headquarters.
The 600 member trade association has been run by IBIA board member and maritime arbitrator Trevor Harrison on an interim basis since the resignation of its previous Chief Executive last year.
IBIA Chairman Nigel Draffin said “Representing interests from across the entire marine fuels industry at the highest level represents an exciting opportunity for someone [...]
The US airline company, United Continental Holdings, Inc., published improved combined operating results of its two units, United Airlines and Continental Airlines, during the month of May 2012.
The May results were consolidated in UAL traffic (expressed as revenue per passenger miles) that increased by 0.3% and the combined consolidated capacity (expressed as available seat miles) increased 0.4% compared to the results of the same month last year. The combined consolidated load factor of the [...]