China's Foreign Trade in Central AmericaTuesday, June 12, 2012 In 2010 imports from China to countries in the region totaled more than $7.1 billion, while exports to the Asian country totaled $1.87 billion. Central American countries do not have the wealth of minerals such as copper, iron, or oil comparable to that of South America, however, the seven economies together constitute sizeable market for Chinese goods: in 2010, the entire region imported Chinese goods worth $7.10 billion. Commercial Activity Increases 17% at the Colón Free ZoneMonday, June 15, 2009 In May, commercial activity at the Colón Free Zone was $1.574 billion, 17.4% more than the $1.340 billion reached during the same period of 2008. A 20% increase in imports and a 15.2% increase in re-exports were registered. 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. 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. Activity in the Colon Free Zone Grows by 41%Monday, August 22, 2011 In the first six months of the year accumulated trade activity totaled $15,799 million, which is 41.4% higher than in the same period in 2010. July was the busiest month, totaling $2,726 million, an increase of 73.4% compared to same month in 2010. Colon Free Zone Numbers ImproveTuesday, May 2, 2017 In the first two months of the year, trade in the Colon Free Zone grew by 23% compared to the same period in 2016, reaching $3.12 billion. Figures compiled by the Office of the Comptroller General indicate that imports through the Colon Free Zone (ZLC) totaled $1,529 million in January and February of this year, 23% more than in the first two months of 2016, while re-exports exceeded $1.590 million, an increase of almost 24% compared to the same period in 2016. See report by the Comptroller's Office. Verification of Billing to Venezuela by CFZTuesday, August 13, 2013 For two weeks the national commission will be examining the validity of the debt documented as owed by Venezuelan businessmen to Panama exporters. Prensa.com reports: "... the parties have agreed that Venezuela will send the records of more than 600 entrepreneurs who trade with the Colon Free Zone (CFZ), and then compare them with the data belonging to users of the Panamanian zone". 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. Panama: New Law for Colon Free ZoneMonday, March 28, 2016 MEPs have given the green light to legislation that modernizes the legal framework of the free trade zone, including the consolidation of business operations under other schemes. From a statement issued by the National Assembly of Panama: Meeting Between Venezuela and Panama Over CFZ DebtMonday, August 5, 2013 On August 12th talks will start on the debt held by Venezuelan companies with exporters from the Colon Free Zone. According to Germán Gómez, president of the Association of Users of the CFZ, the goal is to specify how much of that debt corresponds to the National Administration Committee (Cadivi), who provides currency in Venezuela under the exchange control which has been in force in this country for more than a decade. Panama: Improvements to the Colon Free ZoneSunday, February 28, 2016 The government is proposing relaxing charges for maritime entry, waste collection, and security, and is awaiting a response from users of the Free Zone on 1 March. The proposal sent by the Government of Panama to the Association of Users of the Colon Free Zone (AU) provides for reductions in the charges for maritime entry from $150 to $25, as requested by the AU, a reduction in the fee for waste and security services and a change in the use of the declaration of commercial movement. Colon Free Zone Is Alert to Venezuelan CrisisFriday, February 21, 2014 The concern is that the economic situation in the South American country will make the recovery of outstanding debts even more difficult. The conflict currently facing Venezuela worries the Colon Free Zone (CFZ), as this may aggravate the collection of debts that are still owing. 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. Exponential Growth of Colon Free ZoneMonday, June 6, 2011 With a total of $6,165 million in movements of goods, the first quarter of 2011 has been the best of the past four years. From January to March the importation and re-exportation of goods grew by 39% in volume and 13.9% in value, according to the controller general of the republic. |
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