On 2 August 2016, the government of Panama announced that the cabinet has approved draft legislation that will enable counter measures against countries that have taken discriminatory or restrictive measures against Panama that harm its economic interests. Potential counter measures against target countries include:
- Increased withholding taxes on dividends, interest, royalties, commission fees, etc.;
- Increased tariffs on imports;
- Migration and labor restrictions;
- Restrictions on or suspensio…