Latin Business Chronicle has a special report on the election of Ricardo Martinelli and the jest of the report is that he is business friendly and considered to be more right leaning than most of the Latin American leadership.
Excerpts: “I’m very positive on Martinelli,” says ">Kathryn Rooney, senior emerging markets macroeconomic strategist at Bulltick Capital Markets. “He’s extremely market-friendly and will continue the positive trend of the economy.” She especially singles out his plans to lower taxes and improve relations with the United States"
Among Martinelli’s other top priorities is infrastructure projects – including a new subway in Panama City – and securing passage of the US-Panama free trade agreement. It was signed two years ago, but has been delayed by lawmakers.">Although President Barack Obama has stated that he favors the FTA, there are growing demands from Democratic lawmakers and some officials to delay approval until Panama passes several tax and labor reforms. officials have stated that they want Panama’s tax laws changed so it won’t continue being a tax evasion haven for Americans. “The tax issue – that could be worked out on the side [independent of the FTA],” McMillan says.
For even more indepth look at his policies, read Bob Baumans blog.
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