Trade Increase at Colon Free Zone
In November 2010 the CFZ increased its sales by $ 1.84 million compared to 2009.
Monday, January 24, 2011
The statistics by the Comptroller General showed sales until November 2010 of $ 19.9 million, compared to the $ 18.09 million of the same period last year.
Commercial activity in Panama's free zones was 42% higher in the first 7 months of this year than in the same period in 2010.
In the first eight months of the year, sales at the Panama free trade zone reached $ 13.08 billion.
The free zone must reduce its high trade dependence on Colombia and Venezuela and seek for new markets for re-exports to improve its performance.
Employers of the Colon Free Zone disagree with the audit carried out by the management, which using a new methodology determined that the debt is $41 million and not $530 million.
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