Panama: $100 Million for Barú Free Zone

Representatives from the Barú Free Zone presented the local municipality three projects to develop the area.

Thursday, January 14, 2010

These include developing a free zone in the city of Port Armuelles, and a sea area to unload cargo vessels.

"Blanca de Garrido, Pre-Investment Secretary at the Economy Ministry, explained they are conducting studies to develop a number of mega projects in Barú, in order to reactivate the stagnant economy in said district", reported

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

New Free Trade Zones Announced in Nicaragua

January 2017

Vice president Rosario Murillo gave details on 10 new projects to be executed in the next six months for free zones dedicated to different productive activities.

The 10 projects announced are:

1- Call Center in Managua DMF, 102 direct jobs, 2.7 million investment. 

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.

Costa Rica Doesn’t Attract Investment Outside GAM

September 2012

Although tax incentives have been granted by the government, a lack of good telecommunication services and public infrastructure deters investors from setting up in less developed areas.

In 2010 reforms were introduced to the FTZ Act for the purpose of complying with the terms set by the World Trade Organization (WTO).

Panama: New Projects at Barú Free Zone

October 2009

The new administrator, Luis Muñoz, is planning new projects; one of them is the construction of a container port.

There are also plans for creating an area where commercial ships and touristic yachts could dock.

"Muñoz explained that the Free Zone has seen little development since its creation, so the main challenge its getting it up and running", reports