Five months after the regulations for the creation of the Single Window of Procedures for the Colon Free Zone were approved in Panama, businessmen are asking for their implementation to be accelerated.
The tariff problems with Colombia and the debt held by Venezuela explain part of the 12% drop in trade in the CFZ, which went from $27,400 million in 2013 to $24,000 million in 2014.
In the past two years trade in the Colon Free Zone (CFZ) fell by $6.7 million and an improvement is not foreseen in 2015 as there is no sight yet, at least in the short term, of a solution to the tariff of 5 % added by Colombia to textiles and footwear coming from the Colon Free Zone.