[3] Under the administration of President Ricardo Martinelli, the Government of Panama announced that Indian nationals who possess a visa for the US, Canada, Australia, or any country in the EU will be granted visa-free entry.

In November 2010, Alberto Vallarino Clement, Panamanian Minister of Economy and Finance visited India for the World Economic Forum meeting in New Delhi.

Following the visit, India's Speaker of Parliament, Meira Kumar led a 20-member Parliamentary delegation to Panama in April 2011 to participate in the 124th Inter-Parliamentary Union (IPU) Assembly.

[6] The Vice President of India, Venkaiah Naidu paid a 2-day visit to the country in May 2018 along with the Minister of State for Tribal Affairs and other high level delegation representing various branches of the Indian Government.

[8] Vice President Naidu also announced a total of $25 million of credit to set up centres of bio-diversity, drug tracking and also resources to develop the IT sector in Panama and also could expand into areas of agriculture, science & technology, space, pharmaceuticals and renewable energy.

In April 2013, over 120 leading Indian companies representing various sectors including automobiles, textiles, diamonds, electrical, and engineering goods, took part in the first-ever "Made-in-India" Exhibition at Expocomer, the biggest annual trade show in Panama.