On June 14th 2019, Panama officially declared its participation to the Montreux Document, becoming the 56th supporting State. The participation of Panama is significant: First, being the 5th State from the Latin American and Caribbean region, Panama’s support underlines the fruitfulness of outreach activities carried out in the region and strengthens the representation of the Latin America and Caribbean (LAC) region in the membership. Secondly, in the maritime context, Panama constitutes an important Flag State and is vital in regulating private security at sea. Given the dynamics of the Maritime Working Group of the Montreux Document Forum, the participation is notably timely.
The LAC Region remains an area of strong potential for enlarging participation in the Montreux Document. Ensuring balanced geographic representation is vital to the efforts in effective regulation of PMSCs and therefore continuing outreach in the region constitutes a key objective for future activities.