Panama: Incentives for Logistics Sector

The private sector initiative presented to the government would create "free trade zones" especially for logistics activity.

Monday, August 30, 2010

Albert White, a businessman from Panama's logistics sector, commented that in conversations held with the government, the need to modify Law 25 from 30 November 1992 was discussed. This law relates to incentives to exporters, which could be extended to transport, shipping, storage and communication companies in the logistics sector.

The businessman added to that, "what we discussed is the need to turn Panama into a transfer point with the potential add value to merchandise, whether transported by air, land or sea. This also means developing the country as a multi-modal center".

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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. 

Six companies Interested in Free Trade Zone in Tocumen

December 2016

Schencker from Germany, Blue Logistic from Colombia and the Panamanian companies J Cain & Co. and Colon Import, and two groups who preferred to remain anonymous, have expressed interest in participating in the project.

Joseph Fidanque III, manager of Tocumen S.A., said that when they have the plans for the free zone, which it is estimated will be in about four months, they will call a tender for the construction of the work, which is part of a cargo logistics plan, and includes an investment in the long-term of $70 million. For the first phase they have already approved $15 million, part of which will be used for soil conditioning and roadworks.

Promotion of Free Zones in Panama

July 2011

The Panamanian government has organized an event to promote and share experiences among free trade zones in the country.

In order to promote the national and international advances the country has made by implementing and using the free zone regime, the government has opened the first forum on the subject, called "The Present and Future of Free Zones."

Panama: Draft on Free Zones Law Approved

December 2010

The project approved by the Executive establishes a comprehensive and simplified special scheme for establishment and operation of free zones.

The initiative, presented by Roberto Henriquez, Minister of Trade and Industry, seeks, among other objectives, to adapt national legislation to requirements of the World Trade Organization (WTO).

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