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Panama participates in the World Cup for first time

Thursday, June 7th, 2018

The Embassy of Panama has the honor to inform that Panama will participate in the FIFA World Cup 2018 in Russia for the first time in the country history.

In this occasion, a special song, entitled “Sube la Marea” (“the tide is rising”), was released in support of Panama’s national soccer team.
Several of Panama’s best-known artists were involved in creating “Sube la Marea” as a tribute by the artists to Panama’s national soccer team.

The song expresses Panamanians’ hope, pride, and passion for their team, which is also known as the “Red Tide,” as it makes its first-ever appearance in the World Cup.

The Embassy of Panama will contribute to “Rise the tide” from Tokyo, Japan.

Mola Exhibition : Elizabeth Hans Collection

Friday, June 1st, 2018

The Embassy of Panama in Japan would like to inform that Panamanian handicraft Mola exhibition “Elizabeth Hans Collection” will be held from September 8th to October 21st, 2018, in Tabacco&Salt Museum in Tokyo.


For more information、please access to the HP of the museum.

Panama creates list of countries that discriminate, to protect economic and commercial interests

Tuesday, March 13th, 2018

The Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama issued an initial list of 20 jurisdictions in Latin America, Europe and Asia that apply discriminatory or restrictive measures to the Republic of Panama.

9 March, 2018 (Panama City, Panama) – The Panamanian Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama, issued a list of 20 jurisdictions in Latin America, Europe and Asia that apply discriminatory or restrictive measures against the country and that affect their economic and commercial interests.

The list, created by resolution and signed by the ministers of the respective portfolios– Dulcidio De La Guardia, Isabel de Saint Malo de Alvarado and Augusto Arosemena– is the first step in Panama’s evaluation of reciprocal actions towards countries that discriminate against it, as established by Law 48 of October 26, 2016.

According to Law 48, the corresponding diplomatic steps, propose and approve actions against States that affect the economic and commercial interests of the nation.

The countries included in the list of Panama are: Brazil, Chile, Colombia, Ecuador, El Salvador, Peru, Uruguay, Venezuela, Croatia, Slovenia, Estonia, France, Greece, Lithuania, Poland, Portugal, Cameroon, Georgia, Russia and Serbia, jurisdictions that keep Panama has included in different discriminatory lists.

The measure will be effective as of its publication in the Official Gazette. Whereas the list is to be revised at least once a year, the working group responsible for preparing it (the ‘code of conduct group’) can recommend an update at any time.

For more information↓.

Taxation: Panama was removed from EU list

Tuesday, January 30th, 2018
Eight jurisdictions have been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns.

Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates are moved to a separate category of jurisdictions subject to close monitoring.

On 23 January 2018, the Council agreed that a delisting was justified in the light of an expert assessment of the commitments made by these jurisdictions to address deficiencies identified by the EU. In each case, the commitments were backed by letters signed at a high political level.

“Our listing process is already proving its worth”, said Vladislav Goranov, minister for finance of Bulgaria, which currently holds the Council presidency. “Jurisdictions around the world have worked hard to make commitments to reform their tax policies. Our aim is to promote good tax governance globally.”

The decision leaves 9 jurisdictions on the list of non-cooperative jurisdictions out of 17 announced initially on 5 December 2017. These are American Samoa, Bahrain, Guam, Marshall Islands, Namibia, Palau, Saint Lucia, Samoa and Trinidad and Tobago. The list also carries recommendations on steps to take to be de-listed.

The EU’s list is intended to promote good governance in taxation worldwide, maximising efforts to prevent tax avoidance, tax fraud and tax evasion. It was prepared during 2017 in parallel with the OECD global forum on transparency and exchange of information for tax purposes.

Whereas the list is to be revised at least once a year, the working group responsible for preparing it (the ‘code of conduct group’) can recommend an update at any time.

Jurisdictions that remain on the list are strongly encouraged to make the changes requested of them. Their tax legislation, policies and administrative practices result or may result in a loss of revenues for the EU’s member states. Pending such changes, the EU and the member states could apply defensive measures.

Today’s decision was taken without discussion at a meeting of the Economic and Financial Affairs Council, by means of an amendment to its December conclusions.

The 8 jurisdictions are moved from annex I of the conclusions (non-cooperative jurisdictions) to annex II (cooperation with respect to commitments taken).

Japanese Government Decorates the Panama Canal Administrator and his Mother

Wednesday, November 15th, 2017

On November 3, 2017, the Cabinet Office of Japanese Government announced the Decoration to Mr. Jorge Luis Quijano Arango, Panama Canal Administrator, and his mother, Mrs. Analia Arango de Quijano.

The Decoration of the Japanese Government, initiated in 1875, has been bestowed twice a year, in spring and fall, to the nationals and foreigners in recognition of their distinguished contribution to Japanese society.

In this occasion, the Japanese government awarded the Decoration “The Order of the Rising Sun, Gold and Silver Star” to Mr. Jorge Quijano, Panama Canal Administrator, in honor of his contribution to strengthen the commercial and maritime relations between Japan and Panama.

In addition, the Japanese government granted the award “The Order of the Rising Sun, Silver Rays” to Mrs. Analia Arango de Quijano, mother of the Administrator Quijano, in acknowledgement of her contribution to disseminate Japanese culture in Panama, through the Japanese floral art, Ikebana.

This year`s Autumn Decoration was bestowed to 4,252 people, including 149 foreigners. The Decoration “The Order of the Rising Sun, Gold and Silver Star” was conferred to 24 foreigners. On the other hand, “The Order of the Rising Sun, Silver Rays” was awarded to 5 foreigners, in which Mrs. Analia Arango de Quijano was the only female foreign recipient of this award.

World Youth Day 2019 in Panama

Tuesday, October 24th, 2017

The Embassy of Panama in Japan informs that the World Youth Day 2019 will be held in Panama between January 22 to 27 in 2019.

Please access to the following video and presentation to get more information.

Networking session

Call for abstracts for the 34th PIANC World Congress

Sunday, August 27th, 2017

Panama announces a call for abstracts for the 34th PIANC (Permanent International Association of Navigation Congresses) World Congress, which will be held from May 7 to 12, 2018 in Panama.

For more information↓.

Guide for Disaster Preparedness in Tokyo

Wednesday, June 7th, 2017

The Tokyo Metropolitan Government has compiled a manual called “Disaster Preparedness Tokyo” (Tokyo Bousai*) to help households get fully prepared for an earthquake directly hitting Tokyo and other various disasters.

Please access to the following URL to get more information. ↓.

Panama Ship Registry 100 years of serving the world 1917-2017

Tuesday, April 18th, 2017

Panama’s President Juan Carlos Varela Signs Mutual Administrative Assistance Convention for Tax Matters into Law

Thursday, February 23rd, 2017

As a continuation of President Varela’s fight against tax evasion, the Government of Panama now allows for exchange of tax information on request with over 100 tax jurisdictions

22 FEBRUARY (Panama City) – President of Panama Juan Carlos Varela signed into law today the implementation of the Mutual Administrative Assistance Convention (MAC), which allows for sharing tax information multilaterally on request with the 107 jurisdictions that are part of the convention and provides a common legal basis for cooperation on tax matters. In implementing the MAC, Panama officially joins all countries from the G20 , BRIICS, OECD, and other major financial centers, as well as an increasing number of developing countries as members to the convention.

“The signature of the MAC into law today is one more step to modernizing and transforming Panama’s financial and services platform, as it establishes the framework for the implementation of international transparency and cooperation initiatives,” said Luis Miguel Hincapie, Deputy Minister of Foreign Affairs, who added, “Starting today, the 107 tax jurisdiction cosignatories to the MAC can request information from Panama without having to negotiate a bilateral treaty.”

Signing the new law is yet another milestone of the ambitious legislative package that President Varela’s administration has presented to Panama’s National Assembly to meet international expectations on financial transparency. In recent months, Panama also joined the Base Erosion and Profit Shifting Initiative of the OECD, and has actively participated in international forums that discuss tax matters.