TOKYO – Panama’s Vice President and Minister of Foreign Affairs reaffirmed Friday the country’s suitability as an investment destination during a visit to Japan.
Isabel de Saint Malo met Japanese Foreign Minister Taro Kono, who conveyed to his counterpart Japan’s commitment to go ahead with the 281 billion yen ($2.55 billion) loan to finance the construction of Line 3 of the Panama metro.
The agreement regarding the biggest public infrastructure project undertaken by Panama since the Panama Canal expansion project was signed between Panama and the Japanese International Cooperation Agency last year.
Japan hopes to collaborate closely with Panama, Kano told De Saint Malo, according to the Japanese foreign ministry, adding that he would like to work with Panama for the development of the whole of Latin America.
De Saint Malo highlighted the diplomatic relations that the countries have maintained for more than a century and expressed her desire to continue cooperating in various sectors in the future.
During the meeting, the ministers also discussed North Korea’s recent missile launches, the last of which flew over Japan.
De Saint Malo expressed her country’s solidarity with Japan and said that it was necessary to coordinate with the international community to end the North Korean tests.
The Panamanian politician arrived in Japan on Thursday for a six-day visit after visiting South Korea, where she met her counterpart Kang Kyung-wha and South Korean Prime Minister Lee Nak-yeon and participated in the 8th Foreign Ministers’ Meeting of the Forum for East Asia-Latin America Cooperation.
De Saint Malo is scheduled to meet various Japanese entrepreneurs and participate Monday in a conference on Panama’s democracy, growth and human development, before returning home Tuesday.