The former president of the National Council of Private Enterprise (Conep), Severo Sousa, referred this Tuesday on Radio Panama, to the approval in the first debate of Bill 789, which modifies Law 80 of 2012, which dictates incentive regulations for the promotion of tourist activity and dictates other provisions, which would repeal Law 122 of 2019.
He stressed that Law 122 had a good intention, because it seeks to attract investors with capacity, who want to invest in areas that have a tourist vocation according to a master plan of the Panama Tourism Authority (ATP).
“Whether we like it or not, it is a law of the Republic, to which fortunately it was agreed that adjustments had to be made. Behind it there is an interest of investors, who cannot take away from them overnight what they were beginning to do,” Sousa pointed out.
He added that the Executive, through the ATP, has had conversations with investors so that they understand that adjustments have to be made, and some have been adjusting their projects to what comes out of the new law.
In Sousa’s opinion, what would be bad is to have a law that is not implemented, that is a kind of mockery or, to have a law that after 10 years of being implemented, due to an unconstitutionality lawsuit, the Court rules and investors remain in the air.
