Augusto Arosemena Moreno
Minister of Commerce and Industry, Republic of Panama
His Excellency Augusto Arosemena Moreno was appointed by the President of the Republic of Panama, H.E. Juan Carlos Varela, as Minister of Commerce and Industry in January 2016. Previous to this appointment, he served as Vice-Minister of the Presidency from July 2014 to December 2015.
As Minister of Commerce and Industry, Mr. Arosemena leads Panama´s government agenda to promote the modernization and competitiveness of the productive structure of the economy, the facilitation of private enterprise and investment, the development of domestic markets and foreign trade, as well as the effective integration of the country in global value chains. Mr. Arosemena has led trade missions abroad to promote the country as an investment destination, reaching agreements with different multinational firms and transnational investors, with a view to strengthen Panama´s current regional leadership in the attraction of Foreign Direct Investment.
Minister Arosemena spearheads state development projects of national priority, among them the revitalization of the Colon Free Port project, which looks to establish a world-class investment, tourism and shopping destination in the Caribbean side of the Panama Canal, as well as attracting cruise lines to the country. Minister Arosemena heads national government efforts to promote socioeconomic progress through the development of strategic growth sectors, among them, value-added logistics, transnational services, investment in renewable energy and infrastructure projects, the tourism industry, auxiliary maritime services, among others.
The President of the Republic has entrusted Minister Arosemena to High Level Government Commissions in order to address matters of national priority. Minister Arosemena holds positions in various Board of Directors and Committees such as Chairman of the Board of Directors the Colon Free Zone, as well as the Chairman of the National Logistics Cabinet, which leads public-private efforts to consolidate Panama as a leading global logistics and distribution hub. He is also a Member of the Board of Directors for the National Mortgage Bank, and represents the government in the Boards of enterprises in which the State is a major shareholder. As Vice-Minister of the Presidency, Mr. Arosemena served as Chairman of the Board of Directors for the National Secretariat of Science, Technology and Innovation (SENACYT).
From 2009 to 2014 Minister Arosemena served in one of Panama’s most prestigious international law firms, advising financial institutions focused on structured finance transactions and related contracts, as well as multinational firms in the establishment of greenfield projects and investment ventures.
Between 2004 and 2006, Minister Arosemena served as the Commercial Councilor in the Embassy of the Republic of Panama to the United States in Washington, D.C., channeling efforts to win support of the business community for the U.S.-Panama Trade Promotion Agreement, in effect since 2012, as well as leading critical negotiations. Among many other accomplishments, Minister Arosemena successfully led endeavors to attract major Foreign Direct Investment projects to Panama, while working closely with U.S. and Panamanian government officials, as well as the private sector.
Minister Augusto Arosemena holds a degree in Law and Political Science from Santa Maria La Antigua University and a LLM in Baking, Corporate and Finance Law from Fordham University, New York. He is a loving husband and a devoted father to three young children.
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