Activity in Colón Free Trade Zone Reduced by 11.7%
Official data confirm that imports and exports in January 2009 totaled $1.178 billion and in January 2008 they reached $1.334 billion.
Monday, February 16, 2009
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. Several banks that provide financial services to the users are also located there."
In February 2009, imports and re-exports totaled $1.143 billion or 11.6% less than in February 2008.
If the trend continues, the amount of goods unloaded this year looks set to reach $24 billion.
The concern is that the economic situation in the South American country will make the recovery of outstanding debts even more difficult.
In January, the Colon Free Zone registered trade of $2 billion, an increase of $172 million compared to the same period of 2012.
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