Activity in Colón Free Trade Zone Reduced by 11.7%

Official data confirm that imports and exports in January 2009 totaled $1.178 billion and in January 2008 they reached $1.334 billion.

Monday, February 16, 2009

Dialogo 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. Several banks that provide financial services to the users are also located there."

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Pessimism in the Colon Free Zone

October 2015

Employers indicate that there are no incentives for maintaining business operations, which between 2012 and 2014 fell by 20%.

Commercial activities, which rebounded in 2012 compared to 2011, totaling $31 billion, fell to $27 billion in 2013 and to $24 billion in 2014.

An article on reported that the president of the Association of Users of the CFZ, Marcos Tellez, noted that "...

Colon Free Zone Is Alert to Venezuelan Crisis

February 2014

The concern is that the economic situation in the South American country will make the recovery of outstanding debts even more difficult.

The conflict currently facing Venezuela worries the Colon Free Zone (CFZ), as this may aggravate the collection of debts that are still owing.

ZLC Activity Shrank by 9.4% in 2013

January 2014

In 2013 the Colon Free Zone traded $2.7 billion less than in the previous year.

During the past year the commercial movement in the Colon Free Zone (CFZ) closed at $27.9 billion, whereas in 2012 it recorded $30.8 billion, equivalent to a reduction of 9.4%.

According to the Superintendency of Banks of Panama (SBP), the decrease is due to the situation occurring with the two main trading partners of the businesses in the CFZ, Colombia and Venezuela.

Martinelli Travels to Venezuela to Solve CFZ Payments

July 2013

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".

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