The main objective of the Ministry of Commerce and Industry of Panama is to modernize the way business is done in the Colon Free Zone and reinvigorate trade with measures that will facilitate "... tourists making retail purchases in the 16 streets of the city with the same tax benefits of the free zone. "

The president of the Association of Users of the Free Zone, Luis Germán Gómez, told Laestrella.com.pa that "... This is an urgent project, which seeks to strengthen the position of the CFZ as an emporium, because we have been left with a law which is between 64 and 65 years old. This project aims to adapt the business model of the Colon Free Zone to the realities of today. "

"... In the area of ​​electronic commerce, the idea is for Colon Free Zone customers to be able to shop via a website using credit cards. As for the procedures, the standard includes the creation of a single interface that would allow users to streamline paperwork. "

Source: laestrella.com.pa

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