Conference Zones in Panama

Monday, October 27, 2014

From 12 to 14 November representatives from free zones in Latin America will be gathering together in Panama City to discuss issues such as changes in legislation and the role of free zones in the logistics chain.

Analysis of the Panamanian Law on Free Zones

Monday, September 12, 2011

The goal of the new law is to provide optimal conditions for generating maximum efficiency and competitiveness.

In April this year a new law was approved governing the operation of free zones in the country, where many foreign companies have decided to settle because of the benefits the scheme provides.

The new law aims to establish a framework within which these workspaces will operate, ranging from the kind of activities that can be developed there, the systems that can be installed to the legal conditions that must be met.

Trade Increase at Colon Free Zone

Monday, January 24, 2011

In November 2010 the CFZ increased its sales by $ 1.84 million compared to 2009.

The statistics by the Comptroller General showed sales until November 2010 of $ 19.9 million, compared to the $ 18.09 million of the same period last year.

"The report shows an annual percentage change of 10.2% and 47.2% monthly, which indicates that November was the fastest growing month”, reports Panama America.

Costa Rica: Deadline for Golfito Tender Extended

Tuesday, March 22, 2011

The tender originally scheduled for March 10 was rescheduled for April 28.

Four objections were filed in February before the Comptroller General of the Republic, which said he partially accepted three of the four claims. This prompted the postponement of the deadline.

Expectations in the Colon Free Zone

Monday, June 18, 2012

The Zone’s directors expect more freight movement, further processing of products and employment generation.

Economic growth in the Colon Free Zone is unquestionable. The volume of exports and imports in 2011 reached $29.126 billion, growing by 56% over the past three years.

Trade Up 7.2% at Colon Free Zone

Monday, November 29, 2010

In the first eight months of the year, sales at the Panama free trade zone reached $ 13.08 billion.

This figure is 7.2% higher than the same period of 2009, as revealed in a bulletin prepared by the General Comptroller's Office.

Problems Ahead for Costa Rica Free Port Law

Tuesday, July 7, 2009

Three points exist that could complicate the approval of the Free Port law in the Costa Rican Congress.

Politicization of the benefited companies, creation of a fiscal paradise and transferring the favorable impact of investment to less developed areas are points doubted by several congressmen.

Free Trade Zone Reform in Guatemala

Monday, August 23, 2010

If proposed reforms are approved, the country should find it easier to attract foreign investment.

The reform to the Free Trade Zone law is expected to be approved by the end of the year, stated congressman Mariano Rayo.

Activity in the Colon Free Zone Falls 10% in 2019

Wednesday, February 26, 2020

Last year the commercial activity of the Panamanian Free Zone totaled $18,469 million, 10% less than what was reported in 2018.

From January to December 2019 imports in the Colon Free Zone (CFZ) totaled $8,655 million, and re-exports totaled $9,814 million, decreasing by 11% and 9% compared to the same period in 2018, respectively.

Red Numbers Still in Colon Free Zone

Thursday, September 26, 2019

In the first seven months of 2019, the commercial activity of the Panamanian Free Trade Zone totaled $10.782 million, 14% less than in the same period of 2018.

From January to July, imports in the Colon Free Zone (ZLC) totaled $5.224 million, and re-exports amounted to $5.557 million, decreasing by 12% and 16% compared to the same period in 2018, respectively.

Investment in Free Trade Zones Increases

Tuesday, May 28, 2019

In the Dominican Republic, contracts were approved for the development and operation of four parks in export processing zones and 13 permits for the installation of companies.

The National Council of Export Processing Zones (CNZFE) reported last May 21 that it approved permits for two new parks of processing zones to be built in Boca Chica, and another in Nigua.

New Models for Free Zones

Monday, October 24, 2011

The XV Latin American Conference on Free Zones will discuss the challenges and opportunities they face, especially from 2015 when the WTO requires the elimination of export tax incentives.

The "XV Latin American Conference on Free Zones" will take place from 26th to 28th October this year at the Hotel Casa Santo Domingo, Antigua Guatemala, Guatemala.

Free Zone in Limón, Costa Rica, Moves Forward

Wednesday, September 22, 2010

Construction of the Limon Free Zone, located close to the Búfalo locality, will start in October.

Its infrastructure will be developed by Guanazul JRV S.A., explained Marcela Brooks, legal head at Costa Rica’s exports promotion authority (Procomer).

Costa Rica's Free Zones require definition of the system

Monday, November 10, 2008

There is concern about the incentives to be received after 2015 when benefits expire according to World Commerce Organization provisions.

The Government wants to ensure these conditions through a reform of the free zone law aimed at attracting investment.

International Event for Free Zones

Friday, September 21, 2018

From October 1 to 3, Guatemala will be hosting a Conference on Free Zones of the Americas, where topics such as the potential and benefits of companies in the sector will be discussed.

From a statement issued by the Association of Free Zones of the Americas:

Guatemala, September 19, 2018. - The Association of Free Zones of the Americas - AZFA - together with the Santo Tomas de Castilla Free Zone, Chamber of Industry, Chamber of Commerce and the Ministry of Economy, presented the twenty-second Conference for Free Zones of the Americas to be held from October 1 to 3 at Hotel Casa Santo Domingo, in Antigua Guatemala.