Colon Free Zone

APAC at Expocarga Mexico 2016

El stand de Panamá en la feria.

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 […]

Colon Free Zone continues in the red

Zona Libre de Colón sigue en crisis

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 […]

Reduction in high costs of logistics services urged

Urge reducir altos costos de los servicios logísticos

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%.

While […]

CFZ participates in environmental fair

CFZ participates in environmental fair

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 […]

Security operations continue in commercial area of ZLC

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.”

During […]

Government must rescue and drive development of Colón Free Zone

Marco Téllez, el nuevo presidente de la Asociación de Usuarios de la Zona Libre de Colón

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 […]

Taxes blamed for CFZ woes

Colon Free Zone/ Zona Libre de Colón

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, […]