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SEM Law and Safe Trade Panama Forum. The Panama American Chamber of Commerce (AmCham), together with the Commission against Illicit Trade organized the forum “The SEM Law and Safe Trade.” The event had the participation of the public and private sector panelists who shared their experiences and challenges to guarantee safe trade for the multinational which are installed in the country, as well as the role of the State as a guarantor to attract and for the establishment of multinationals in Panama.
“This forum seeks to establish a public-private alliance to educate and promote safe trade. As the country strengthens this aspect of its regulatory framework, more multinational companies will be installed in Panama”, said Pilar V. Cerón, Amcham Panama director of Trade and Foreign Investment.
According to figures of the World Trade Organization (WTO) illicit trade represents 7% of the world commerce and that is the reason why Amcham connects and serves as platform to promote public-private alliances to fight contraband, piracy and counterfeit among other threats which threaten the security of the nation.
Marissa Lasso de la Vega, president of the Committee against Illicit trade concluded that the illicit commerce affects not only the brand but also the citizens safety. “Organized crime is behind contraband and counterfeit products”, she concluded.