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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. Red 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. 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. 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. 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In Guatemala, reform of the Free Zones Law has been in place for two years, and as a result, several companies have withdrawn, while others are still waiting for the tax benefits to be restored before making any more investments.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. 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. 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. Electric Wire: Imports RecoverTuesday, May 22, 2018 In 2017, purchases of electric wires and cables from Central American countries totaled $791 million and grew by 74% with respect to the previous year, in contrast to the fall recorded between 2015 and 2016. Figures from the information system of the Market of Wires, Cables and Other Electricity Conductors in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Petroleum oils: Imports Increase 23%Wednesday, October 31, 2018 During the first half of this year, countries in the region imported petroleum oils for $5.122 million, 23% more than in the same period in 2017. Figures from the information system Market of Petroleum Oils and Bituminous Mineral in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] More Chinese Auto Parts in PanamaWednesday, September 19, 2018 In the first three months of the year imports of vehicle parts in the country totaled approximately $53 million, and purchases from China grew by 13% compared to the same period in 2017. Figures from the information system on the Vehicle Parts and Accessories Market in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Panama: Diaper Purchases up to March 2018Friday, September 7, 2018 In the first quarter of the year Panama reported $13 million in purchases of diapers and similar items, and imports from Mexico grew by 25% compared to the same period in 2017. Figures from the information system on the Market for Diapers and Similar Items in Panama, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"] Central America Buys More Petroleum OilsThursday, August 30, 2018 From January to March of this year, countries in the region imported $2.262 billion worth of petroleum oils, 3% more than in the same period in 2017. Figures from the information system on the Oil and Bituminous Minerals Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"] Panama: Furniture Imports up to March 2018Thursday, July 19, 2018 In the first quarter of the year, the country reported $27 million in purchases of home and office furniture, and imports from Italy grew by 21% compared to the same period in 2017. Figures of the information system on the Market for Home and Office Furniture and Parts in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Central America: Printer Market Up 10%Tuesday, June 26, 2018 In 2017, countries in the region imported $373 million worth of printing machines and equipment, 10% more than what was reported in 2016. Figures from the information system on the Market for Printing Machines and Equipment in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Petroleum Oils: Imports RecoverMonday, April 30, 2018 After registering a reduction in Central America between 2012 and 2016, oil imports from abroad grew by 19% last year, exceeding $8.3 billion. Figures from the Information system on the Oil and Bituminous Minerals Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] |
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Monday, February 6, 2023 - last update: Thursday, 9:43 pm
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