Ukraine conflict and China covid policy hit Panama

891Views 0Comments Posted 08/05/2022


The pressure of the conflict between Russia and Ukraine on oil and energy; China's zero Covid-19 policy and its reach in supply chains, in addition to the historical inflation in the United States, are some of the factors that are impacting the lives of Panamanians says Panama’s Chamber of Commerce, Industries and Agriculture of Panama (Cciap) in its weekly  newlettersegmen

"Such a situation demands, more than ever, that both the National Government and the private sector develop a dialogue aimed at identifying and executing actions that reduce the impact of these factors on national life," said the Chamber, chaired by Marcela Galindo de Obarrio.

To promote more jobs, support for small and medium-sized companies is key as the undisputed engine of our economy, indicates the organization, which also values ​​the option of part-time jobs as an alternative for those who cannot access full-time work; as well as the remote employment modality.

“On the other hand, in order to achieve energy stability, it is crucial to maintain the focus on actions that are no longer long-term, such as accelerating the diversification of the energy matrix; increasing the capacities of our mass transportation, as well as encouraging the use of electric vehicles”, stated the Cciap.

The chamber emphasized that in a situation like the current one, unilateral actions or actions without due support "will only make the consequences of the international energy and economic situation harder for our country and its citizens."