Free Zones: Mechanism for attracting investment and competition

Free Zones are the main driver in linking global trade and are logistical centers par excellence. They are of great importance in Latin America.

Tuesday, August 19, 2008

During an interview by Inbound Logistics with Mr. Hector Vargas Villalta, President of the Free Zone Committee for the Americas and Director of Meridian 100º, FTZ, he pointed out the thrust that free trade zones give to foreign trade.



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Latin American Congress on Free Zones

March 2016

From September 27 to 29 Costa Rica will be hosting an event which brings together representatives from companies and free zones in Latin America and other continents.

The Association of Free Zones of the Americas will be holding the XX Conference on Free Zones of the Americas, a space which will bring together representatives from the most important countries and free zones in Latin America, to discuss and exchange experiences and knowledge.

More and More Free Zones in Nicaragua

February 2013

With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.

Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities.

New Free Zone in Panama

August 2012

The Panamanian government has authorizing the establishment of Zona Franca Parque Industrial y Corporativo Sur, S.A. (Parque Sur), east of Panama City, with an investment of $8.2 million.

A statement from the Presidency of Panama reads:

The cabinet has given approval for the establishment of a free zone in the eastern sector of the capital.

Trade Increase at Colon Free Zone

January 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.

"The report shows an annual percentage change of 10.2% and 47.2% monthly, which indicates that November was the fastest growing month”, reports Panama America.

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Zona Franca Barú

Organization that operates in Panama.
Phone: (00507) 770-9211

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