With this statement, Gina Benedetti de Vélez, Colombian ambassador in Panama, summarizes the current economic relationship between both countries.

Trade balance and investment flows currently favor Colombia, but Panamanian entrepreneurs are eying the 44 million people country, which has made important progress in improving its business climate. According to the Doing Business 2010 ranking, Colombia is among the 10 countries making the most reforms to improve their ease of doing business.

Source: martesfinanciero.com

More on this topic

Promoting Colón Free Zone in Colombia

August 2017

Businessmen from the Colombo - Panamanian Chamber are analyzing the possibility of organizing a trade mission to the South American country to promote Free Zone services.

Colombian entrepreneurs may not be using the ZLC to bring goods from Asia, but instead, could be trying to do so directly with Asian countries such as China. This is the argument put forward by representatives from the Colombo - Panamanian Chamber of Commerce, who intend to organize a trade mission to promote the advantages offered by the ZLC to trade with Asia.

Trade Mission from Colombia to Panama

January 2017

From February 20th to 23rd a group of Colombian businessmen will be meeting with Panamanian companies to explore business opportunities.

The business meeting is being organized by the Colombian-Panamanian Chamber of Commerce, which aims to help "smooth things over" in the context of prevailing tension in trade relations between the two countries. 

Panama: The Colombians that Colombia Discriminates Against

April 2016

Colombian businessmen have pointed out the damage caused to their business dealings with Panama by the respective governments inability to resolve continuing conflicts over the sharing of financial information and tariff policy.

Representatives from the Colombian Chamber of Commerce - Panama stressed the importance of Panama not only as a financial center but as a destination for its exports and investments, and urged government authorities to more quickly resolve the differences on issues of tariff policy and exchange of financial information. Currently the two countries are in the midst of a conflict over the charging of a tariff imposed by Colombia on footwear, textiles and clothing from the Colon Free Zone.

Colombians Highlight Opportunities in Central America

June 2012

Colombian businessmen indicate that the entire region is a good market for exports and investment, and existing opportunities are not being taken advantage of.

Central America is a region with plenty of benefits for investment, with unlimited access to foreign exchange, protection of trademarks and patents, and this has not been taken advantage of by the Colombian industry, despite an FTA with three countries-Honduras, Guatemala, and El Salvador, says the president of the Panamanian Colombian Chamber of Commerce, Eduardo Cristo.