The Cayman Islands first telecommunications company, Cable & Wireless, is to sponsor the Chamber of Commerce Trade Mission to Panama, which is scheduled for 7-11 March.
The aim is for delegates to explore and to establish trade, business, shipping and investment links between the two countries, states a press release.
As the telecommunications market leader in both Panama and the Cayman Islands, with greatest market share of all active subscribers in all areas of its operations: Mobile, fixed line, voice, Internet and data services; Cable & Wireless is delighted to sponsor this initiative.
The company is a long-time supporter of the Cayman Islands Chamber of Commerce and initiatives to develop the economy of the Cayman Islands. C&W was the platinum sponsor of the Chamber Business Expo in 2005, and has been a lead sponsor and supporter of the Expo since its inception.
Panama is one of the fastest growing economies in Central America and exports billions of dollars worth of quality products and services to the Caribbean, South and Central America markets annually. It is anticipated that many of these products can be obtained at significantly lower prices than are offered in other markets in the United States and elsewhere in the region, and also having an alternative source of supply is particularly crucial when the U.S. supply streams are interrupted or diverted elsewhere as occurred for example after Hurricane Katrina.
During the trade mission local business leaders will meet wholesalers, suppliers and merchants. Organisers are planning a visit to the Colon Free Trade Zone, the largest of its kind in the Western Hemisphere and special meetings with Panamanian Government and Chamber of Commerce officials.
‘This initiative to establish more international trading partners and trade routes is to be applauded, and will benefit businesses and ultimately consumers in the Cayman Islands’ commented Tim Adam, chief executive of Cable & Wireless Cayman Islands.
Organisers are hoping for 120 business leaders to participate.
Interested parties should contact the Chamber of Commerce. A deposit of $500 is required to hold reservations.
There are two available packages: First class arrangements for US$1,795 for Chamber members or a deluxe room at the Intercontinental Hotel for US$1,495.
All packages include airfare, airport taxes, accommodations and hotel taxes. Transportation to and from the airport, Zona Libre and the resort are also included. The package also includes breakfast each morning, the welcome reception, cocktail party and lunch at the Zona Libre, as well as admittance to Expocomer 2006 (Trade Show) and a complimentary happy hour between 6 and 8 pm each day at the Inter-Continental Club. Passport holders from the United Kingdom, United States and the Cayman Islands do not need a visa to enter Panama.