That Latin Business Chronicle reported on Tuesday, May 11, 2010 that Panama has replaced Chile as the Latin American country with the best business climate, according to the fifth annual Latin Business Index from Latin Business Chronicle.

The index of 19 countries is the broadest measure of business climate in Latin America. Rather than looking at the size of a country’s GDP or GDP per capita, it looks at five key categories and 27 subcategories to measure the recent, current and future business environment in a country. The categories are:

• Macro Environment
• Corporate Environment
• Globalization & Competitiveness
• Technology Level
• Political Environment

Panama is now the only country that is among the top five in all our five main categories. Meanwhile, Panama continues being the most globalized country in Latin America, according to the Latin Globalization Index from Latin Business Chronicle.

The $5.2 billion expansion of the Panama Canal, along with a fast-growing shipping sector, is already earning it the title of the Singapore of the Americas. Multinationals like Procter & Gamble, Dell and DHL all have regional hubs or headquarters in Panama. Panama can also boast being host of the world’s top shipping registry, the world’s second-largest free zone (after Hong Kong), and the largest international banking center in Latin America.

To see more, visit the Latin Business Chronicle at www.latinbusinesschronicle.com

The following documents have been attached to this article:

Panama: The #1 place to do business in Latin America

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