Panama: Colon Free Zone activity growsThursday, December 18, 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. Trade Increase at Colon Free ZoneMonday, January 24, 2011 In November 2010 the CFZ increased its sales by $ 1.84 million compared to 2009. 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. Trade Up 7.2% at Colon Free ZoneMonday, November 29, 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. Commercial Activity Increases 17% at the Colón Free ZoneMonday, June 15, 2009 In May, commercial activity at the Colón Free Zone was $1.574 billion, 17.4% more than the $1.340 billion reached during the same period of 2008. A 20% increase in imports and a 15.2% increase in re-exports were registered. Activity Falls by 11.6% in Colon Free ZoneMonday, March 16, 2009 In February 2009, imports and re-exports totaled $1.143 billion or 11.6% less than in February 2008. Surse Pierpoint, vice president of the Association of Colón Free Zone Users, told prensa.com that: "There seems to be a trend, a cooling in the commercial movement of the markets we serve," and under normal conditions this would "be worrisome. However, when you see the US stock market down 10%, it does not seem as serious, but we have not bottomed out yet and we are expecting the downward trend to continue in March." New properties put to tender again in Colon Free Zone in PanamaTuesday, January 6, 2009 With the failure of the first bidding carried out last December, the Colon Free Zone is preparing for a second tender. According to reports from laestrella.com.pa, "The Colon Free Zone fail in its first attempt to award bids for 50% of the lots from the former Multimodal, Industrial and Services Center (CEMIS). Panama: New Law for Colon Free ZoneMonday, March 28, 2016 MEPs have given the green light to legislation that modernizes the legal framework of the free trade zone, including the consolidation of business operations under other schemes. From a statement issued by the National Assembly of Panama: Colon Free Zone Grows by 42%Friday, October 7, 2011 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. According to the Controller General's Office transactions totaled $15,870,000 in July 2011, compared to $11,173,000 in the same period in 2010. Colón Free Zone and Government Negotiate TaxesWednesday, September 2, 2009 Businessmen from Colón Free Zone (ZLC) will negotiate an eventual tax hike with the government. Free Zone entrepreneurs had scheduled a protest for today, rejecting the tax increase law project. Venezuelan Devaluation to Impact PanamaWednesday, January 13, 2010 The Colón Free Zone will be affected, warned José Domingo Arias, Commerce vice minister. Venezuela is one of the leading re-export destinations of the Colón Free Zone. As such, the decision by the Venezuelan government to devaluate its currency by 100% will impact the Free Zone negatively. Expectations in the Colon Free ZoneMonday, June 18, 2012 The Zone’s directors expect more freight movement, further processing of products and employment generation. Economic growth in the Colon Free Zone is unquestionable. The volume of exports and imports in 2011 reached $29.126 billion, growing by 56% over the past three years. Panama: Colon Investment Incentives Come into EffectMonday, August 8, 2016 With the entry into force of the law firms operating in Colon Free Zone will be able to open a retail sales branch in the 16 streets which make up the ´Casco Antiguo' area. In order to implement the law the Secretaría de Colón Puerto Libre was formed, which will execute the strategy and facilitate the process for companies wishing to benefit from the incentives created. Installation of Surveillance Cameras in ColónThursday, May 21, 2009 The 48 CCTV cameras that are being installed in Colón will be complemented with foot, bicycle and motor patrols by police. The proposed installation of security cameras, which is part of the crime prevention program in the Colón region, is being funded by Cable & Wireless in partnership with the Colón Free Trade Zone administration. Activity in Colón Free Trade Zone Reduced by 11.7%Monday, February 16, 2009 Official data confirm that imports and exports in January 2009 totaled $1.178 billion and in January 2008 they reached $1.334 billion. Dialogo Ciudadano.com published on its website: "Approximately 2,500 companies dedicated to display, import, re-export, storage, repackaging, assembly, processing, design, product or raw material creation and tax-free goods are located in the zone. Panama: Improvements to the Colon Free ZoneSunday, February 28, 2016 The government is proposing relaxing charges for maritime entry, waste collection, and security, and is awaiting a response from users of the Free Zone on 1 March. The proposal sent by the Government of Panama to the Association of Users of the Colon Free Zone (AU) provides for reductions in the charges for maritime entry from $150 to $25, as requested by the AU, a reduction in the fee for waste and security services and a change in the use of the declaration of commercial movement. |
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