THE PMA PARTICIPATED IN THE FIRST EDITION OF THE INTERNATIONAL FORUM ON ALTERNATIVE METHODS FOR THE SETTLEMENT OF DISPUTES IN A ENVIRONMENT OF PEACEFUL CO-EXISTENCE.

In order to address issues concerning alternative techniques of conflict resolution, such as mediation, conciliation and the creation of spaces and mechanisms for dialogue, the “first international forum on alternative methods for the settlement of disputes in a peaceful coexistence environment” was held in Panama.

The administrator of the Panama Maritime Authority (PMA), Mr. Jorge Barakat Pitty, who was responsible for the opening of the event, stressed the importance of the accomplishment of this first international meeting, since “the global trend is moving towards conflict prevention, mediation and conciliation, rather than going to arbitration processes, which would subject the parties to disputes that may take years before a final resolution can be achieved.”

Mr. Barakat Pitty also said that “for the PMA and for the country in general, the resolution of conflicts arising from commercial or industrial relations regulated by the Maritime Labour Convention, 2006 is extremely positive, since Panama is the state with the largest vessel registry in the world.” Thus, the alternative methods for the settlement of disputes turn into processes that consolidate our country as the platform of choice for the provision of maritime, port and logistics services in the Americas. Similarly, these methods grant a high strategic value to the maritime, port and logistics system of Panama and reinforce it in the region; they also ensure its positioning.

The Forum, which was conducted between the Panama Maritime Chamber and the CAF-Development Bank for Latin America, counted with the participation of national and international experts, who focused their intervention on the displaying of educational material and submit similar experiences in other countries that can be applied to our reality. All these efforts are aimed towards the search for consensus between the different actors of the society, with the aim of promoting sustainable economic growth and establishing Panama as a center for transshipment, logistics services and value-added to the cargo.

Being a pioneering country in resolving maritime disputes, Panama has the privilege of having the first International School in Maritime Arbitration. In addition to the existing New York City Center, Panama also has the first maritime arbitration center in Spanish.