Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.
Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.
In Panama, the regulations for the creation of the Single Window of Paperwork and its procedures to expedite trade in the free trade zone were approved.
"The Board of Directors of the Colon Free Zone (ZLC) approved the resolution that regulates the creation of the Single Window of Paperwork (VUT) and its procedures to expedite trade in the free trade zone, reported the manager of the free trade zone, Manuel Grimaldo," explained the ZLC.
NTN Sudamericana S.A., a company dedicated to the manufacture of bearings, invested $40 million in the construction of a storage warehouse in the Colon Free Zone.
The company is the third largest manufacturer of bearings in the world, and also produces homokinetic joints and other automotive and precision industrial equipment, reported the Colon Free Zone (ZLC) in a statement.
The Central Bank of Honduras tenders the logistics service for the development of field work of the 2019-2020 National Household Expenditure Survey, for a 22-month period.
A 7.7-kilometer logistic corridor that will serve for the mobilization of cargo in the Pacific sector was inaugurated, which will serve ports, industrial parks, factories and distribution centers.
Trucks using the Canal Logistic Corridor must be affiliated with the Cargo Pass system, similar to the one operating in the North and South Corridors and the Colón-Panama Highway. The toll has been set at $6.50 per transit, and does not allow entry with a negative balance or in violation of established rules, informed the Panama Canal.
It is expected that in November of this year the construction of the new dock 2A in the bay of Puerto Cortés, in Honduras, which will serve for the export of stone aggregates to the U.S., will be completed.
Directors of Grupo Avanza, the company in charge of the project valued at $22 million, informed that the works have already begun and estimate that in the first 15 days of November the work will be completed.
After several delays in the construction process, the Moin Container Terminal was officially inaugurated in Costa Rica, a port that has already been authorized to start operations of the second berth.
The operations of the maritime terminal in charge of the concessionaire APM Terminals began in October 2018, since at the end of that month the authorities of the National Council of Concessions informed that after the definitive reception of the work, the maritime terminal received the order to start operating.
Because Colombian ports have a lower operating cost base than Panamanians, the South American country competes to appropriate the logistics business in the region.
Until a while ago, Panama led the logistics operations in the region, however, there are some signs that indicate that this situation could be changing, since the growth in the movement of maritime cargo in the country has reported a slowdown in recent years. For example, between 2016 and 2017 there was a 10% increase, and last year the reported rise was just 1.7%.
Investing in infrastructure that improves the connection between its main ports is one of the most determining factors for Panama to recover the competitiveness that is beginning to lose regionally and globally.
The Panama Maritime Chamber (CMP) presented its strategy "Maritime Vision Country 2019-2024", in which it analyzes that although the Canal was expanded and remains competitive at the port level in the region, the country needs to improve in terms of institutionality, human resources, infrastructure, processes and technology, to continue giving tools to the logistics sector to continue its development.
In El Salvador, the government rejected the draft tender and the economic model proposed by Fomilenio II for the management of the cargo terminal at the Monseñor Romero Airport.
Fomilenio II had planned to launch the tender for the Public Private Association (APP) in the last months of 2018, however, the Executive Port Authority (CEPA) did not approve the tender bases because they argue that they have new data that validate their ability to manage this asset directly.
In El Salvador, a union of employees at the Monseñor Romero airport opposes the project to expand the cargo terminal, which is expected to be developed through a public-private alliance.
The project to expand the cargo terminal of the air terminal, under the concept of a public-private partnership (APP), already has a draft of the tender bases, however, is rejected by the Union of Workers of the Airport Industry and Related (SITTEAIES).
Two multipurpose cranes with the capacity to mobilize 600 tons will begin operating at Guatemala's maritime terminal on December 12th.
Representatives of the Ministry of Communications informed that the new cranes of Operadora Logística de Guatemala, S.A., the company that won the tender to provide the service, have a $6 million cost each.
The Uber technological platform, which in Central America is currently transporting people and food, is planning to expand its service offerings to the freight transport business.
Uber and Uber Eats, platforms for transporting people and delivering prepared food, respectively, are already operating in the countries of the region. However, the U.S. company's new bet for Latin America is to use Uber Freight to transport cargo.
The National Port Company Santo Tomás de Castilla will seek external financing to develop the expansion works planned for the port terminal in the next five years.
According to the representatives of the Empresa Portuaria Nacional Santo Tomas de Castilla (Empornac), in the next five years a cruise terminal will be built, one for solid and liquid bulk, and another for containers.
Ofibodegas California logistics park, consisting of 15 industrial buildings and located at kilometer 63 of the Puerto Quetzal highway, will begin operations in November.
The company which developed the new industrial complex of 19 thousand square meters was Construcciones Modernas, S.A.
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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
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