The costs of logistics services are unquestionably linked to the viability of a country like Panama to become an international logistics platform.
This is one of the major objectives of the National Maritime Strategy. According to World Bank studies, in Central America logistics costs represent, on average, 40% of the final price of consumer products, while in the member countries of the Organization for Economic Cooperation and Development (OECD) that cost is only 8%.
In commemoration of the “Month of Natural Resources,” the Colón Free Zone participated in an environmental fair, organized by the Ministry of the Environment on the grounds of Parque Sucre,
A wide range of activities and competitions took place in order to teach children and adults to enjoy and respect nature, including cultural events, folklore presentations, story-telling, drawing competitions, a seed planting activity and educational workshops. Metal, plastic and paper recyclable materials were also [...]
The Security Department of the Colón Free Zone will continue with surveillance operations to ensure the safety and protect the lives of users and visitors to the sector.
Commenting on the operations, Ovidio Fuentes, Deputy Director of Security, said that “these surveillance activities are undertaken in conjunction with the National Police Force to dismantle criminal cells and ensure order and the security of users who arrive at the Free Zone daily to transact business.”
By Frankiln Castrellón
The loss of competitiveness caused by past governments applying “taxes that a free zone should not pay” and rising operating costs, are the main reasons for the crisis confronting the Colon Free Zone, the newly elected president of the Colon Free Zone Users’ Association (AU), Marco Tellez, told The Bulletin. Tellez assumed the presidency of the AU in a formal ceremony held on June 21 at the Sheraton Hotel in Colón. Accompanying [...]
Martinelli retaliated over land sale defeat
By Marijulia Pujol Lloyd
The Colón Free Zone (CFZ) is going through the worst crisis in its history, with the loss of 9,000 jobs and the closing of 400 companies over the last three years, according to the Colón Free Zone Users’ Association (AU).
The reason for this decrease in business stems from the amount of rates and taxes imposed by the Government, competition from other local free zones, [...]
The Colón Free Zone recently donated $5,000 to benefit more than 1,200 underprivileged children, with the aim of improving the overall quality of life of Colón infants.
The institution is providing a series of kitchens serving children in need with an estimated $500 per month. Some of the beneficiaries include the facilities of Mano de Dios, Centro Claret, Dejad que los Niños Venga a Mí, Belén, Maná del Cielo, Un Desayuno con Cristo, Semillas del [...]
A visit of the British ambassador, Ian Collard and the Head of the Foreign and Commonwealth Office for Mexico, Central America and the Caribbean, Mr. Alan Gogbashian to the Colón Free Zone is another effort to recover the commercial movement, said Surse Pierpoint, General Manager of the zone.
In a presentation at the administrative offices of the ZOLICOL, the visitors learned details required by new businesses that plan to operate in the zone and about [...]