ANNOUNCEMENT 14 Jun 2013In June 2013, the government of Panama announced a change in local-hiring incentives.
NUMBER OF INTERVENTIONS
UNCTAD Investment policy monitor Nr 11/November 2013
On 14 June 2013, the government of Panama introduced restrictions for foreign-owned vessels in the maritime transport sector. The regulation, known as Law 41, stipulates that 90 per cent of the crew in such vessels must be of Panamian nationality and that Panamian nationals must own at least 75 per cent of the operating company.