Trade Up 7.2% at Colon Free Zone

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

Monday, November 29, 2010

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 Prensa.com.

More on this topic

Free Zone in Colon Grows 40%

December 2011

Business in the Colon Free Zone in Panama was 40% higher in the first 11 months of the year compared to the same period of 2010.

A "record number" of $ 30,000 million is projected for the end of the year, according to the manager of the Colon Free Zone, Leopoldo Benedtti.

Free Zone in Limón, Costa Rica, Moves Forward

September 2010

Construction of the Limon Free Zone, located close to the Búfalo locality, will start in October.

Its infrastructure will be developed by Guanazul JRV S.A., explained Marcela Brooks, legal head at Costa Rica’s exports promotion authority (Procomer).

“This corporation is negotiating with foreign companies looking to operate under the free zone regime, although Brooks didn’t revealed any names”, reported Elfinancierocr.com.

Costa Rica: Free Zones to Start Using TICA

February 2010

The first zones to use the TICA system (Customs Control Information Technology) will be those using the Santamaría customs office.

Located at International Airport Juan Santamaría, this customs office handles 75% of all commercial transactions originated at Free Zones.

“The remaining zones will be included in the system by the end of April, stated Desiderio Soto, director of the Customs Authority”, reported Nacion.com.

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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