Costa Rica: Bidding Rules for Stores in Golfito Disputed

Four objections to the terms and conditions of the tender were filed with the Comptroller General of the Republic.

Wednesday, February 23, 2011

The tender opened last November and ending on March 10 is to award concession of 38 Commercial Deposit stores in the free economic area of Golfito.

"The apprehensions submitted request modifying the rules to include all existing stores until the terms are clarified, as well as removing criteria unrelated to commercial activity," reported

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Panama: More Space for Growth in Colón Free Zone

November 2011

The Colón free-trade area (ZLC in Spanish) will be expanded to include a further 280 hectares in the region of Coco Solo.

Panama's Council of Ministers has authorized the Finance and Economy Ministry (Mef) to sign over the deeds of 12 pieces of land to ZLC which together have a total surface area of 280.4 hectares.

Simplified Procedures for Free Zone Companies

August 2011

Modifications to the Costa Rica Free Zone and Active Improvement Regime include 52 procedures that can be performed online.

Among the steps that can be done online is the facility for businesses to apply for entry into the free zone regime, and changing the level of investment as well as the minimum level of employment.

Costa Rica: Deadline for Golfito Tender Extended

March 2011

The tender originally scheduled for March 10 was rescheduled for April 28.

Four objections were filed in February before the Comptroller General of the Republic, which said he partially accepted three of the four claims. This prompted the postponement of the deadline.

"The call to concession opened in early November 2010 and has undergone several modifications which have delayed the final date for reception of offers,” reported

Trade Up 7.2% at Colon Free Zone

November 2010

In the first eight months of the year, sales at the Panama free trade zone reached $ 13.08 billion.

This figure is 7.2% higher than the same period of 2009, as revealed in a bulletin prepared by the General Comptroller's Office.

The general manager of the Colon Free Zone, Leopoldo Benedetti, said "that due to economic recovery, commercial transactions in 2010 will exceed 20 billion dollars, particularly due to the increase in Christmas shopping and product demand," reports

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