President of Panama, Juan Carlos Varela (L) speaks during the Shanghai Expo in Shanghai, China, Nov. 7, 2018. EFE/Paula Escalada Medrano
Shanghai, China, Nov. 7 (efe-epa) – The president of Panama said on Wednesday that the Shanghai Expo should allow family-run businesses to participate.
After opening the Panama pavilion, Juan Carlos Varela told EFE his company Varela Hermanos, that produces the rum Ron Abuelo, is “the largest exporter in the country” and “one of the most tax-paying. “
“They don’t have to be excluded, they pay for their trips, their costs and everything, I didn’t know it was going to create controversy,” said the president.
Luis Varela, an executive vice president of Varela Hermanos, told EFE the company has sold rum to China for five or six years and has had a permanent representative in Shanghai since last year.
“We export to 40 countries, to China very little yet, although it offers a lot of potentials, the rum market is very small in the country but over time it will surely grow,” he said.
The President of Panama arrived on Wednesday in Shanghai, accompanied by the ministers of Commerce and Industry, Augusto Arosemena, and Agricultural Development, Eduardo Enrique Carles, to attend the expo, which China’s first exhibition dedicated to imports.