Business  Chamber demands transparency in Minera talks

While Panama’s Chamber of Commerce, Industries and Agriculture  (CCIAP), considers that the negotiations between Minera Panama and the Panamanian State represent a positive step, they want them to take place within a framework of transparency and access to information.

The Chamber recognizes  that the negotiation is important for the history and future of the country and insists that the State must carry out a review of the mining policy framed in an economic policy, which considers in which areas the country wants to focus the engines of economic growth. They affirm that it is extremely critical to strengthening the supervisory institutions, as well as the updating of the legal framework that must monitor and regulate the fulfillment of the commitments reached at the negotiating table.

Because it is a subject that includes multiple aspects, the union has established an internal commission, made up of members unrelated to the parties, which will allow the CCIAP to analyze the information emanating from the negotiations in a professional manner and adopt impartial positions.

What is decided at the table between the Panamanian State and the company will set a precedent, so this negotiation must be ‘win-win ‘, a fair balance must be achieved that recognizes remuneration for the mineral resource that is extracted and reasonable profitability that takes into account the risks associated with the

activity.