Usha Mayani, President of the Colon Free Zone Users’ Association, indicates that they are watching the enactment of the Act of retaliatory measures, that was approved on third reading by the National Assembly. Mayani noted that Bill 370, subrogating Law 58 of 2002, establishes retaliatory measures in case of discriminatory restrictions against the Republic of Panama, as is happening right now with Colombia.
The measures imposed by Colombia have greatly affected the operations of the […]
Colon Free Port is viewed very positively by the President of the Colon Free Zone Users’ Association, Usha Mayani who adds that the government should establish the conditions for success and walk hand in hand with the private sector to provide security and infrastructure for users, visitors and residents of the province.
“It is important that the mistakes are not repeated that were made with the Colon Free Zone, that today struggles to address them, […]
The Panamanian Association of Cargo Agents (APAC) participated in Expocarga Mexico 2016 in the pavilion “PANAMA MORE THAN A CANAL”, together with the support of the Colon Free Zone. It was an excellent start to celebrate the opening of the expanded Canal.
The “Cargo Week Americas-Expo 2016” event was held on June 28 at Centro Banamex in Mexico City, where the APAC was involved.
The Cargo Mexico Expo is held every year to raise awareness […]
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) […]