The Colon Free Zone will have to wait for the formation of a bilateral commission to address the method of payment of the $800 million owed to them.
That fact that the commission has not yet been formed means that it is almost impossible that the payment will be made immediately proclaimed the Panamanian leader Ricardo Martinelli after his visit to Venezuela.
Following the meeting of President Martinelli with his Venezuelan counterpart Nicolas Maduro, doubts remain about when the debt will be settled.
It's been two weeks since the Panamanian president, Ricardo Martinelli, visited his Venezuelan counterpart Nicolas Maduro, in order to find a solution to the problem of the debt owed by Venezuelan entrepreneurs to the Colon Free Zone (CFZ).
Panama and Venezuela are to create a bilateral technical committee to reach an agreement on the debts held by Venezuelan entrepreneurs with the Colon Free Zone.
According to Panamanian Foreign Minister Fernando Nunez, "the first payment will be made almost immediately." "The new program agreed by the Government of Venezuela enables these companies to pay off their debts directly with the Colon Free Zone," he said.
Restrictions faced by Venezuelan businessmen in obtaining dollars are causing delays in paying imports from the Colon Free Zone.
"I will travel to Venezuela on Monday," said Ricardo Martinelli, who said he hopes to have "a direct frank and sincere conversation, with President (Nicolas) Maduro". The president will travel with several Panamanian businessmen to the country to find a way to facilitate the prompt payment of debst to the businesses in the CFZ.