Activity Falls by 11.6% in Colon Free Zone
In February 2009, imports and re-exports totaled $1.143 billion or 11.6% less than in February 2008.
Monday, March 16, 2009
Surse Pierpoint, vice president of the Association of Colón Free Zone Users, told prensa.com that: "There seems to be a trend, a cooling in the commercial movement of the markets we serve," and under normal conditions this would "be worrisome. However, when you see the US stock market down 10%, it does not seem as serious, but we have not bottomed out yet and we are expecting the downward trend to continue in March."
The Minister of Commerce and Industry said that although Colombia is maintaining its excess tariffs on the CFZ, the FTA between the two countries is moving ahead.
Companies located in the Colón Free Zone (ZLC) have reported a decrease of 11.6% during the first three months of the year.
Official data confirm that imports and exports in January 2009 totaled $1.178 billion and in January 2008 they reached $1.334 billion.
Commercial movement grew 50% in November.
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