Germany, Panama to Tackle Tax Evasion

In the fight against tax evasion, Germany and Panama are to enter into an information sharing agreement as well as enhancing transparency, reported Chancellor Angela Merkel following a meeting with President Varela Rodriguez at the federal chancellery, Bundesregierung reported. In future the two countries intend to expand their economic relations. The talks between Merkel and Rodriguez focused on bilateral and economic relations as well as regional and international political issues. Panama is “a partner with a dynamically developing economy”, which is becoming the center of Central America, said the chancellor. The strong presence of German companies and good flight connections further strengthen economic and business relations. Merkel welcomed the fact that Panama was one of the first countries to sign the Paris Agreement on climate change. She also called for greater involvement of German businesses in Panama. “We would like to see German companies too being able to bid for orders and major infrastructure projects that are planned in Panama,” she stressed.