Considerations for importing and exporting in Panama - Coggle Diagram
Considerations for importing and exporting in Panama
Acquired from: Ministry of Commerce in Industry
Composed of: Ministry of Commerce and Industry, Ministry of Finance and Treasury, Ministry of Planning and Economic Policy, A member of the legislation commission appointed by the executive body, A representative of the Panamanian industrial union chosen by the executive body
It will have the following functions: Advise the national government on any measure to be taken, Decide on the national value-added content of each exportable product, recommend to the executive body mechanisms or instruments that they consider necessary to promote exports of non-traditional products.
Search for potential customers
If you are interested in the product offered by the exporting company, it is usually necessary to send you a `` Pro forma '' invoice
The materialization of shipments collections
An international purchase / sale operation, as well as a domestic purchase / sale operation, is a bilateral contract by virtue of which the exporter acquires the right to collect in exchange for the importer taking charge of the merchandise adapted to his needs.
Fijacion de precios
Important financial aspects for the exporter: listing at market price, cost-price calculations, how to react to changes in prices
Basic concepts of commercial traffic
Colon free zone
The law determines that the administration of the colon free zone has authority and responsibility for all activities within its segregated areas.
The entry declaration is the document used to control the movement of merchandise and inventory within the colon free zone. Departure declaration is the official blue document that protects the sale of merchandise outside the free zone area
Restricciones voluntarias de las exportaciones
They are closely related to the import and export drop, the EVR does not always work. Exporting countries often find ingenious ways to eliminate them
Other non-tariff barriers
Control of changes, technical and administrative regulations and government purchasing policies
A small country in the face of globalization
Phenomenon of various manifestations, such as updated visual information. instant communication a reasonable cost, intense growth of world trade, information on consumption patterns, dynamic growth of tourism and air transport
Maintain the status quo. independent opening, concentration in services, accessing NAFTA, joining the Central American common market
Comparative effects for Panama. Panama must seriously study whether or not it is convenient to participate in the globalization process and what would be the optimal way to do it. Assess the domestic political feasibility of the most economically promising options
Trade in manual bills
The problem of the underdeveloped countries at this point lies in their strong lack of technology, their low levels of productivity and their often deficient quality.
One of the major problems of the LDCs lies in their insufficient capital formation, which generally does not reach 15% of the PMB, thus preventing growth like that of the industrial countries.
Maritime transport and freight
The problems of the MDBs are not naturally restricted to the trade balance of basic products and manufactures and to the capital balance
North / South relationship
In its resolution of July 1974 the general assembly of the United Nations presented 4 main perspectives of the NOI: Need to support the development effort of poor countries in all