’Social and economic crisis’ if pension system collapses

The need for the State to confront once and for all the situation of the Social Security Fund was reiterated  Sunday by Panama’s Chamber of Commerce, Industry and Agriculture (Cciap).

“It will be useless to seek opportunities for the country and its people, if the pension system, the heart of the Panamanian economy collapses, this would mean a real social crisis that would end up destroying the little trust that exists in Panamanians and would plunge the country into a new economic crisis”, says a statement from the Chamber.

 The Cciap recalled that it has presented a series of initiatives that seek to empower small and medium-sized enterprises (SMEs), to attract foreign investment to the country, and position Panama as a meeting center for international events, conventions, and meetings.

This is how the “FRANCHISING PANAMA” program was recently presented to the business community, which encourages SMEs to become franchises so that they can expand to local and international markets through this business model. A proposal that thinks “outside the box” in order to explore new opportunities for this segment.

At the same time, trade missions have been undertaken to Colombia and, more recently, to  Guadalajara in Mexico; while, in November, it will go to Peru seeking to attract foreign investment to the country, and this translates into new companies and industries that create jobs and transfer knowledge for Panamanians.

In addition, this week, the CCIAP and the Logistics Business Council (COEL) will develop the Seventh World Forum of Logistics Cities and Platforms, once again positioning our country as that nerve center where international meetings, conventions, or congresses can converge; promoting the MICE tourism industry, which also means jobs and opportunities for companies of all sizes.