Free Zones: Mechanism for attracting investment and competition

Free Zones are the main driver in linking global trade and are logistical centers par excellence. They are of great importance in Latin America.

Tuesday, August 19, 2008

During an interview by Inbound Logistics with Mr. Hector Vargas Villalta, President of the Free Zone Committee for the Americas and Director of Meridian 100º, FTZ, he pointed out the thrust that free trade zones give to foreign trade.



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Latin American Congress on Free Zones

March 2016

From September 27 to 29 Costa Rica will be hosting an event which brings together representatives from companies and free zones in Latin America and other continents.

The Association of Free Zones of the Americas will be holding the XX Conference on Free Zones of the Americas, a space which will bring together representatives from the most important countries and free zones in Latin America, to discuss and exchange experiences and knowledge.

Panama: Improvements to Free Zones Law

January 2015

An initiative from the panamanian private sector seeks to simplify the law, providing investment incentives for a period of not less than 10 years and expediting the approval of operating licenses.

Other proposals covered in this law reform include the creation of the National Council of Free Zones, the aim of which is to be the sole supervisor of the sector.

Success of Free Zone Regime in Costa Rica

July 2014

In the last four years since the reform of the law in 2009, 132 companies registered to operate under this tax exemption scheme.

Since 2009 companies eligible under the free zone regime "... must be included in one or more of the categories set out in the law, including: handling, processing, manufacturing, production, repair and maintenance of goods, repacking and redistribution of goods and provision of services for export or re-export. "

More and More Free Zones in Nicaragua

February 2013

With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.

Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities.

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