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


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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."



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Panama: Colombian Excess Tariffs Wont Hinder FTA

June 2013

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.

"After starting negotiations for a free trade agreement (FTA) with Colombia, without having dealt with the request from businesses in the CFZ, the goal now is to raise a complaint with the World Trade Organization (WTO) in order to mitigate the effect of the Colombian excess tariffs", reported Prensa.com.

Panama: 11.6% Decrease in Free Trade Zone Activity

April 2009

Companies located in the Colón Free Zone (ZLC) have reported a decrease of 11.6% during the first three months of the year.

The above is in comparison to the same period last year, according to the manager of the ZLC, Nilda Quijano.

In statements to Prensa.com, she added: "In the face of the crisis, international companies in the ZLC have had a decrease of 11.6% with respect to 2008.

Activity in Colón Free Trade Zone Reduced by 11.7%

February 2009

Official data confirm that imports and exports in January 2009 totaled $1.178 billion and in January 2008 they reached $1.334 billion.

Dialogo Ciudadano.com published on its website: "Approximately 2,500 companies dedicated to display, import, re-export, storage, repackaging, assembly, processing, design, product or raw material creation and tax-free goods are located in the zone.

Panama: Colon Free Zone activity grows

December 2008

Commercial movement grew 50% in November.

Movement of goods in the Colon Free Zone have continue to be strong. Evidence of this is that from January to November, accumulated commercial activity in the zone was at a total of $18 billion dollars, or a growth of 18.7$ compared to the same period last year.

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