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 […]
Travelers can now enjoy two days aboard a ship in the Bocas Del Toro islands, an internationally renowned destination with tropical architecture, music and authentic gastronomy.
The ship Ferry Xpress reached Isla Colón on its first voyage on Saturday, October 25.
This began the sightseeing cruises from the Port of Colón 2000.
This new tourism product is providing services of a cruise ship to the islands. The trip from the city of Colón lasts 12 […]
Another Panama goal:
Efrem Zimbalist, CEO of Show Management, the company organizing the Panama International Boat Show of May 2015, has stated that “the target markets of the show are customers in Panama, Costa Rica, Ecuador, Colombia and Venezuela.
“We have designed the show towards these countries to attract and invite new participants.
“The show will be held at the Flamenco Marina, which currently has 250 permanent customers, a fact that has prompted a series […]
Colon 2000 takes a second gamble
Colón 2000 takes a gamble for a second time by introducing a ferry from that port to Cartagena, Colombia and Isla Colón in Bocas del Toro. Mayra de Zebede, sales manager of Tropical Cruises said that unlike the previous occasion, where somebody else took control of the operation, this time Ferry Xpress will be manage by the port itself.
The Norwegian ferry, Adriatico, which currently operates in Europe and […]
A new ferry service between Cartagena, Colombia, and Colón 2000 in Panamá, will start operations from October 24. The ship that will cover this route is the “Adriatico,” that was remodeled in 2005 and has a capacity for 1,000 passengers, a crew of 300 and can carry 500 automobiles.
The “Adriatico” will travel to two destinations – Cartagena, on Monday and Wednesday, and Isla Cólon in Bocas del Toro, on Friday.
Pacific Rubiales, the company that explores for and produces oil and gas in Colombia, and is selling most of Colombia’s oil, linked to this country since the Panamanian Government introduced incentives to attract foreign investment to the sector, has announced it will move its Board of Directors to Panama.
Pacific Rubiales said its office in Colombia will continue to implement the same operations.
“The company has not moved offices. Pacific Rubiales has opened a corporate […]
Panama and Colombia will have no choice but to resolve the tariff issue with the intervention of the World Trade Organization (WTO) since talks failed to resolve the dispute caused by the imposition of a special tariff on textiles and footwear re-exported by Panama.
Ricardo Quijano, Minister of Commerce and Industry of Panama told the Panama News Agency that they could not reach an agreement for lack of interest by Colombia. The official had announced […]