panama commerce

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Panama is a well develop country. With an economy that is primarily based on a well-developed services sector. Some of the services sector includes Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, tourism, and medical and healthcare. in the early 16th century, Panamanians have relied on the country's comparative advantage- its geography. The country was also used for the transportation of gold and silver from Peru to Spain. in the mid 19th century, Panama's economy boomed as a result of increased cargo and passengers associated with the California gold rush. but in 1903, Panama separated from Columbia and the United State took control of the Panama Canal Zone; soon afterwards ruling of the constitutional adopted the US dollar as legal tender for the whole country. tourism is also rapidly growing, like its country during the past five years due to the government promise of tax and price discounts to foreign guests and retirees. Panama has many major and minor exports. But, tourism also plays a big part in their economy.
Panama has minor and ...

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