Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-Table-4.2 |
Panama |
2022 |
Sectors |
Grants and direct payments |
Agriculture |
Relevant information
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Table 4.2. Domestic support for agriculture, 2014-20:
Support allocation: (...)
Values (USD thousands and %)
Payments for relief from natural disasters: (2014) 2818, (2015) 1513, (2016) 1312, (2017) 2360, (2018) 2500, (2019) 3229, (2020) 1624
(...)
Shares (% of total): (...)
Payments for relief from natural disasters: (2014) 3.9, (2015) 1.8, (2016) 1.6, (2017) 1.7, (2018) 1.7, (2019) 2.6, (2020) 1.8
(...)
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§24 |
Panama |
2022 |
Sectors |
General environmental reference |
Agriculture |
Relevant information
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4.24. (...) in 2018, a charge of PAB 0.5 was imposed for every quintal of rice imported under scarcity quotas. The proceeds from the charge will be used to finance technical assistance programmes aimed at producer organizations involved in the rice production chain and contributions to the Latin American Reserve Fund (FLAR). [45]
[45] FLAR is a public private partnership established in 1995 that seeks to improve the competitiveness and sustainability of rice production systems.
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§25 |
Panama |
2022 |
Sectors |
Grants and direct payments |
Agriculture |
Relevant information
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4.25. Under the 2001 Agricultural Conversion Programme, which was temporarily suspended during the review period in 2019, direct financial assistance was provided by way of reimbursement of a given percentage of investments to modernize agricultural activities, including activities related to environmental protection [46] (...)
[46] Eligible activities are: (...) organic farming (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§27 |
Panama |
2022 |
Sectors |
Loans and financing |
Agriculture |
Relevant information
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4.27. The Agricultural Development Bank (BDA), a state bank set up to facilitate finance for agricultural activity, awards financial assistance at preferential rates through various credit programmes. [50] The interest rates vary by programme and range between 0% and 4%. Over the period 2014 -21, the BDA granted loans to 13,000 producers, a disbursement of around PAB 293 million.
[50] They are: (...) the Programme for Sustainable Production in the Regions (...) the Climate Change Adaptation and Mitigation Programme.
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§29 |
Panama |
2022 |
Sectors |
Loans and financing |
Agriculture |
Relevant information
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4.29. In order to promote access to credit in the agricultural sector, the National Bank of Panama (BNP) offers medium and long term credit facilities that charge lower rates of interest than the other banks in the domestic banking system and are tailored to sectoral needs based on the goal the finance seeks to achieve, for example crop rehabilitation and improvements, or supplementary investment for animal production and purchasing. (...) In 2020, the Bank implemented the "0/20 Vision Sustainable Production" strategy, which calls producers within the same area to a meeting to promote the use of tools and technologies that would improve their farm management and mitigate threats from pests and climate change. (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§31 |
Panama |
2022 |
Sectors |
Other measures |
Energy |
Relevant information
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4.31. The National Energy Secretariat (SNE) formulates and implements energy policy in cooperation with the Ministry of the Environment so as to ensure reasonable use of water, Panama's chief source of power generation. In 2016, Panama adopted the National Energy Plan (PEN) 2015-50, which defines the objectives for the sector's development, namely: universal access, uninterrupted supply, reasonable and efficient use of power, and energy transition. The National Public Service Authority (ASEP) regulates the electricity market.
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§33 |
Panama |
2022 |
Sectors |
Other environmental requirements, Risk assessment |
Energy |
Relevant information
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4.33. The National Public Service Authority (ASEP) awards licences (for 40 years, renewable) to power plants, except for hydro and geothermal plants, for which it awards concessions (50 years, renewable). For hydroelectric plants, an environmental impact assessment must also be made by the Ministry of the Environment before a concession for water use can be awarded. The concession is for an indefinite period and requires the concessionaire to carry out water conservation works.
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Keywords
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Conservation
Energy
Environment
Renewable
Water
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§41 |
Panama |
2022 |
Sectors |
Other support measures |
Energy |
Relevant information
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4.41. Conventional sources have historically accounted for the bulk of power generation in Panama. However, diversification in the energy matrix began in 2014 and, since then, the use of renewable sources to generate power has risen (Figure 4.1). Currently, the primary sources used are wind and solar energy; biomass is used chiefly in farming. The rise in the use of clean or renewable sources may reflect the incentives that Panama offers to promote the use of technologies that help to reduce the impact of climate change and dependency on imported fuel (Table 4.6). According to the authorities, the value of the incentives granted during the review period is not available.
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Keywords
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Bio
Clean
Climate
Energy
Renewable
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-Table-4.6 |
Panama |
2022 |
Sectors |
Tax concessions |
Energy |
Relevant information
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Table 4.6. Incentives for clean or renewable power generation, 2014 and 2020:
Legal basis: Law No. 45 of 4.8.2004; Project: Construction, operation and maintenance of power plants running on hydroelectric power or renewable or clean energy; Description: Exemption from tariffs on equipment and spare parts, 25% tax credit applicable to income tax (IR)
Legal basis: Law No. 42 of 20.4.2011; Project: Construction, operation and maintenance of power plants running on biomass; Description: Exemption from tariffs for machinery and inputs for a period of 10 years from when the plant first becomes operational, Exemption from Tax on the Transfer of Movable Property and the Provision of Services (ITBMS) for imported machinery and inputs purchased on the domestic market, for a period of 10 years from when the plant first becomes operational, Exemption from IR for a period of 10 years from when the plant first becomes operational
Legal basis: Law No. 44 of 25.4.2011; Project: Construction and operation of wind farms; Description: Exemption from tariffs on equipment and spare parts
Exemption from Tax on the Transfer of Movable Property and the Provision of Services (ITBMS) for imported equipment and parts purchased on the domestic market, 5% tax credit applicable to income tax (IR)
(...)
Legal basis: Law No. 37 of 10.6.2013; Project: Construction, operation and maintenance of solar power stations and/or farms; Description: Exemption from tariffs on equipment and spare parts, Exemption from ITBMS for imported equipment and parts purchased on the domestic market, 5% tax credit applicable to income tax (IR)
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Keywords
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Bio
Clean
Energy
Renewable
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§47 |
Panama |
2022 |
Sectors |
Other support measures, Investment measures |
Manufacturing |
Relevant information
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4.47. (...) Under the Industrial Promotion Certificate (CFI), companies receive a 40% refund on any investment they make, for example (...) quality and environmental protection (...)
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