españolRed Numbers Still in Colon Free ZoneThursday, 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. Activity in the Colon Free Zone Falls 10% in 2019Wednesday, 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. Zona Libre de Colon: Activity Keeps RisingTuesday, October 23, 2018 During the first nine months of the year, commercial activity in the Panamanian Free-Trade Zone exceeded $16 billion, 10% more than the same period in 2017. In accordance with the figures reported between January and September of this year, imports in the Zona Libre de Colon (ZLC) reached $7.622 million up to October, and re-exports reached $8.464 million, exceeding in 10.4% and 10.3% what was registered in the first three quarters of 2017, respectively. Activity in Colon Free Zone up 10%Tuesday, December 18, 2018 In accordance with what was reported months ago, from January to October 2018 the commercial activity of the Panamanian Free Trade Zone increased to $19.641 million, 10% more than that recorded in the same period of 2017. In the first ten months of the year, imports into the Colon Free Zone (ZLC) totaled $9.199 million, and re-exports increased to $10.441 million, 9.5% and 9.6% higher than recorded from January to October 2017, respectively. Pressure to Implement Single WindowTuesday, August 13, 2019 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. At the beginning of April, it was reported that the Board of Directors of the Colon Free Zone (ZLC) approved the resolution regulating the creation of the Single Window of Procedures (VUT) and its procedures to expedite trade in the free trade zone, however, so far the window in question still does not work. ZLC E-Commerce Committee CreatedWednesday, May 22, 2019 With the creation of the new Colon Free Zone Committee, aims to promote synergies at the national and international levels to promote the growth of e-commerce in the Panamanian free trade zone. The creation of this unit takes place in the context of a drop in commercial activity in the Colon Free Zone, since in the first three months of 2019 transactions totaled $4.446 million, 15% less than that recorded in the same period of 2018. Investments in Free Zones On HoldFriday, March 2, 2018 In Guatemala, reform of the Free Zones Law has been in place for two years, and as a result, several companies have withdrawn, while others are still waiting for the tax benefits to be restored before making any more investments. Some companies are keeping their investments on hold, because the tax benefits applied to activities that take place in free zones were eliminated with Decree 19-2016. One such case is that of electric vehicle importer Electricmóvil. This company is waiting for Congress to reform the Law and restore the benefits, before expanding its operations under this regime. Requirements for Marketing in ZLCThursday, May 9, 2019 In Panama, the Colon Free Zone established requirements for the issuance of special permits for the marketing of cigarettes, tobacco products and pharmaceuticals. By means of Resolution No.008-2019, published in La Gaceta Oficial on April 25, 2019, it was informed that companies will have a maximum term of 120 calendar days to comply with the requirements of special permits for import, transfer, marketing, export and re-export of cigarettes and tobacco products. Colon Free Zone Activity Begins 2019 DownwardWednesday, May 15, 2019 In the first three months of 2019, the commercial activity of the Panamanian Free Trade Zone reached $4.446 million, 15% less than that recorded in the same period of 2018. In the first quarter of the year, imports in the Colon Free Zone (ZLC) totaled $2,151 million, and re-exports totaled $2,294 million, decreasing by 13% and 17% from January to March 2018, respectively. Single Window for Colon Free ZoneMonday, April 8, 2019 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. Single Window for Companies in Free Trade ZonesTuesday, August 6, 2019 The Dominican Republic's free trade zones guild promises to reduce response times with the implementation of the Single Window for Foreign Trade of the General Directorate of Customs. Simplifying procedures, transparency and security of processes, reduction of response times of requests, reduction of costs of stationery and office equipment, are some of the benefits that will enjoy for companies in areas with the implementation of the Single Window, informed the union. Less Connectivity, More Expensive ProductsMonday, August 12, 2019 Since mid-July, the main companies transporting maritime cargo from the Port of Santa Tomas in Guatemala stopped operating the direct route to Europe, which will raise between 20% and 25% the costs of imports and exports. After six decades of keeping the direct route to European ports in operation, the main shipping companies departing from Puerto Santo Tomás de Castilla in Izabal such as Maersk, Hamburg Sud, MSC, CMA-CGM, Hapas Lloyd and Sea Trade, decided not to re-operate the route concerned, leaving only one company with a multipurpose transport ship as an option to move cargo to Europe. Tariff Dispute: Colombia's New OffensiveWednesday, August 14, 2019 The South American country decided to impose a tariff of 37.9% on clothing when its declared FOB price is less than or equal to $20, again affecting businessmen in the Colon Free Zone in Panama. Decree Number 1416 of the Ministry of Commerce, Industry and Tourism of Colombia, dated August 6, 2019, specifies in its Article 1 that establishes "... a tariff of thirty-seven point nine percent (37.9%) on imports of products classified in chapters 61 and 62 of the National Customs Tariff, when the declared FOB price is less than or equal to 20 United States dollars per gross kilogram." Tariff Conflict: Colombia's New Offensive RulesWednesday, November 6, 2019 On November 5, a 37.9% tariff was charged on imports of clothing when its declared FOB price is less than or equal to $20, which affects businessmen in the Colon Free Zone in Panama. Decree No. 1416 of the Ministry of Commerce, Industry and Tourism of Colombia, dated August 6, 2019 and which has just come into force, states in its Article 1 that "... a tariff of 37.9% on imports of products classified in Chapters 61 and 62 of the National Customs Tariff, when the declared FOB price is less than or equal to US$20 per kilogram gross." Cargo Transport: Costa Rica Tightens RestrictionsMonday, May 18, 2020 In order to mitigate the spread of the covid-19, the government decided that as of May 18, only transporters that make direct transit from border to border will enter Costa Rican territory, whose units must be subject to police surveillance. On 15 May, President Carlos Alvarado issued two decrees aimed at keeping the number of foreign transporters in the country as low as possible, reported the Costa Rican presidency. |
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Thursday, March 23, 2023 - last update: 4:52 am
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