The Government of Panama announced an agreement with workers for an increase of the minimum salary by 8.5% from January 2016, in force until December 31, 2017.

The increase would apply to all sectors except agriculture, small business and domestic service.

Any salary higher than the one indicated by law shall remain valid.

The official Decree specifying increases by sector and by geographic region should be sanctioned in the next days and published in the Official Gazette.