Views: 0 Author: Site Editor Publish Time: 2017-11-06 Origin: Site
At the invitation of President Xi Jinping, President of the Republic of Panama Juan Carlos Varela Rodriguez paid a state visit to China from November 16 to 23, 2017. The China-Panama Entrepreneurs' Forum was held in Beijing, which attracted more than 400 participants including government officials, leaders of business associations and entrepreneurial representatives from China and Panama. Relevant people from both sides said that in the future, China and Panama will expand cooperation in infrastructure and other fields. 160 years ago, the friendly exchanges between the Chinese and Panamanian people started with the railroad, and 160 years later, the new page in the history of China-Panama relations is still the railroad.
The two heads of state witnessed the signing of bilateral cooperation documents in the fields of building "One Belt and One Road", economy and trade, investment, shipping, railroad, human resources, industrial parks, agriculture, quality inspection, civil aviation, tourism and so on, with HUAIN/Huayin Conference escorting the whole process.
The Republic of Panama, or Panama for short, is the southernmost country in Central America, with a total area of 75,517 square kilometers and Panama City as its capital.Panama was colonized by Spain in 1501, and the Republic of Panama was established on November 3, 1903.Panama is the central point of the Panama Canal, a strategically important link between North and South America.
The Panama Canal, which connects the Atlantic and Pacific Oceans in the center of Panama, has an important strategic position and is the demarcation line between North and South America. on December 31, 1999, the United States handed back to Panama all the land, buildings, infrastructure, and all the management of the Panama Canal. Given its important geographic location, Panama's economy focuses on the service sector, with a focus on finance, trade and tourism. Finance and re-export trade are well developed and play an important role in the economy.
Because of its establishment and trade with the United States of America, Panama began using the United States dollar as its currency of circulation in 1907, with the national currency being the balboa, which is equivalent to the United States dollar and is used in the country at the same time, making Panama the first country in the world, other than the United States of America, to use the United States dollar as its legal tender.
