The Panama-Germany Alliance: Business, Security and Investment.
President José Raúl Mulino left, recently met with the German Federal Foreign Minister Johann Wadephul right, during an official consultation at the Palacio de las Garzas.
Panama and Germany agreed to solidify their cooperation in security, combating drug trafficking and organized crime, as well as expanding trade, investment and infrastructure opportunities, During the meeting, both sides emphasized the importance of exchanging information and coordinating strategies to combat international drug trafficking networks. The two governments agreed to scale up intelligence sharing and naval operational coordination. Their joint strategy specifically targets organized crime rings exploiting the Atlantic Ocean routing networks to smuggle illicit narcotics into European markets.
They also agreed on the need to protect freedom of navigation and uphold international law as guarantees for trade and cooperation between countries. Wadephul expressed the interest of German companies in participating in infrastructure projects in Panama, including the rail and highway sectors. He also stated that a business delegation will soon travel to the country to explore business opportunities. The Panamanian government was congratulated on the progress made in removing the country from the European Union’s discriminatory lists. The Minister’s visit was accompanied by 60 tons of humanitarian aid to assist those affected by the October 9 earthquake. Including 1,000 drinking water filters, 780 kitchen sets, 900 tarpaulins, 512 blankets, and 822 cots.
