Commercial movement in the Colon Free Zone (CFZ) fell 29.2 percent in January and February compared to the same period of 2015, according to figures from the Comptroller’s Office.
While re-exports stood at $1,287 million and imports at $1,244 million, they are below last year’s figures for the first two months, which were $1,809 million and $1,769 million, respectively.
The downward trend, according to the manager of the ZLC, Surse Pierpoint, continued in March, “but […]
By Marijulia Pujol Lloyd
The National Assembly approved in third debate Bill No 222, that modifies articles of Law 29 of 1992 that adopts a Special Free Port System for Colón City. The new legislation will create a shopping area in the 16 streets of the city that will attract tourism, increase commercial activity and, at the same time, benefit the people of Colón province that have been neglected for many years.
Colón province has […]
Panama’s Colon Free Zone — the biggest in Latin America — is in crisis.
In large part, it is because of economic woes sapping major export customers in Venezuela and Colombia, said Commerce Minister Augusto Arosemena.
“The patient (the Colón Free Trade Zone) is in a coma because re-exports have gone down and some companies have closed,” he told reporters.
“Colombia and Venezuela were the main markets for the free trade zone, and a big […]
The Danish distribution group, Bestseller, has given its fashion logistics operations needs to Logisfashion for its activities in Latin America, where it began activities a few months ago.
Through Logisfashion facilities in Panama, the operator will manage the logistics of Bestseller. Logisfashion will be responsible for both receiving goods from Bestseller at its storage facilities in the Colon Free Zone and, once allocated to final market sales, adapt them to the Customs requirements (labeling required) […]
Colón City is soon to regain its title as the “gold coast” that for years was a thriving metropolis attracting businessmen and tourists alike who marveled at the beauty of its old quarter and the Afro Caribbean heritage. This was brought to Colon by the Antillean workers on the original Panama Canal construction, many of whom settled in the former Canal Zone.
That was in the past, and today it is a tired place fighting […]