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Panama Today Panama is perhaps best known for the Panama Canal, an achievement of mankind which linked the West to the East and took months off travelling time from Europe to Asia.With American funding, the canal opened in 1914 and is currently being expanded.This project could double the Canal’s capacity and is expected to be completed by 2015.Thanks to its strategic importance and booming industries, Panama is an attractive place to do business.
Panama Business Part 1 – Working in Panama: Working practices in Panama Panamanian business etiquette (Do’s and Don’ts) DO begin conversations with small talk. DO remember to use titles when talking to your Panamanian colleagues. It is essential to understand Panamanian culture and society prior to doing business there.Panamanian Culture – Key Concepts and Values – Family ties and relationships are very important in Panama.Panama is heavily investing in infrastructure which has led to high economic growth in the last years. Panamanian business people appreciate a follow-up thank-you note but gift-giving is uncommon.