Panama: $20 Million Investments in Colon Free ZoneMonday, May 10, 2010 Authorities from the Colon Free Zone (ZLC) met with potential investors to develop the Coco Solito sector. This project comprises building new warehouses and parking lots. Shipyard in the Colon Free ZoneFriday, July 1, 2011 The province of Colon is believed to have the necessary conditions to develop a shipbuilding industry that would generate thousands of jobs. An article in Spanish.china.org.cn, reported that "according to the general manager of the Colon Free Zone (ZLC in Spanish) in Panama, Leopoldo Benedetti, the site of the former American base operated by Sherman in the northern province of Panama, is ideal for this purpose, having abundant ship traffic in the Panama Canal, where capacity is also being extended. " Panama-Colombia, Colombia-PanamaTuesday, December 1, 2009 "Colombia and Panama are two complementary countries sharing similar business vision and historic identity, which creates synergies between our entrepreneurs". With this statement, Gina Benedetti de Vélez, Colombian ambassador in Panama, summarizes the current economic relationship between both countries. Agreement on Land Prices in Colon Free ZoneWednesday, October 10, 2012 After having reached an agreement on prices with the users of the CFZ, the government of Panama introduced in the National Assembly the Colon Free Zone bill. Panamaamerica.com reports that "After several months of negotiations between the administration of the Colon Free Zone and users, a consensus was reached as to the value of the land according to the appraisals." CFZ Establishes Maximum for Rent IncreasesWednesday, October 3, 2012 Users of the Colon Free Zone in Panama are no longer required to purchase the lot which they currently lease and if they choose to continue renting the amount charged in the first five years can not exceed 10% per year of what they currently pay. At the end of the first five years, rents can be updated every two years according to the consumer price index, indicated the Zone's Users Association (AU in Spanish). The Panama Film LawFriday, August 31, 2012 Incentives contained in a new law for foreign producers to make their films in Panama has attracted the interest of The Walt Disney Company. An article in Panamaamerica.com reports that "Representatives from the Walt Disney film company will be visiting in Panama, in order to evaluate possible investments in this industry, following the entry into force of a Law on cinema." |
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