March 8th, 2012:

Cartagena chosen to host Routes Americas 2013

Following the success of Routes Americas held in Nassau, Cartagena, Colombia, officially received the designation as the site of Routes Americas 2013.

This event brings together the key players in the airport sector of the Americas and will take place from February 10 to 12, 2013 in the capital of the department of Bolivar.

This, the only event that marks the roadmap for airport development throughout the Americas region, will be hosted by the Rafael [...]

Dutch ambassador visits Colon Free Zone

The Ambassador of the Netherlands, J. Wiebe de Boer, visits the Colon Free Zone.

The Ambassador of the Netherlands, J. Wiebe de Boer, recently visited the Administration of the Colon Free Zone.

Ambassador de Boer was very impressed with all the commercial activities and movements performed in the sector. He found it very interesting how people do their work.

Ambassador de Boer reported that his country has a small free zone and that the ports to handle imports and exports. He was astonished by the number of businesses that [...]

MICI awards prize for exporter of the year

Deputy Minister of Foreign Trade, José Pacheco, presents awards to Exporters of the Year.

The Ministry of Commerce and Industry (MICI) presented the “National Awards for Export Development 2011”, and the highest honor for “Exporter of the Year” went to the company Coopemapachi, R. L. – a producer of palm oil and its derivatives.

This activity represents the annual survey by the MICI that rewards companies for their tenacity, creativity, quality and technological innovation to help increase Panamanian exports.

In this tenth edition of “National Awards for Export Development [...]

Sovereign fund will reach $12,500 million by 2025

Los trabajos de Ampliación del Canal esperan producir excedentes después del 2014.

The sovereign fund, a savings instrument that will receive a portion of surplus revenues of an expanded Canal, would accumulate to about $12,500 million by 2025, according to projections managed by the Executive.

Each year, from the contributions generated by the Canal to the State, a portion will go to the National Treasury for the equivalent of 3% of gross domestic product (GDP) and funds in excess of that amount will be allocated to the [...]

Chamber of Shipping suggests profile of new Canal Administrator

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“We appeal to the respected board for the new administrator of the Panama Canal Authority (ACP) to be a professional versed in the field of maritime transport, with extensive experience in large engineering works and project management.”

This is stated by the Panama Chamber of Shipping, a guild of more than 180 companies, in a memo sent to the Board of the ACP, which puts forward the qualities and profile that the next administrator of [...]