españolCompany Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Nicaragua and Panama.
2010 Re-Exports Amounted to $26.1 million in PanamaWednesday, February 16, 2011 The Colon Free Zone re-exported a total of $26.1 million in 2010. According to official data, $13.1 million were re-exported to Costa Rica and $7.7 million to Venezuela. Colon Free Zone Sells 17% More in PanamaFriday, March 19, 2010 In February, sales at the Colon Free Zone (ZLC) were 17% higher than the same period of 2009. Leopoldo Benedetti, CEO of the ZLC, explained that these figures are also better than February 2008 and 2007. Shipyard in the Colon Free ZoneFriday, July 1, 2011 The province of Colon is believed to have the necessary conditions to develop a shipbuilding industry that would generate thousands of jobs. An article in Spanish.china.org.cn, reported that "according to the general manager of the Colon Free Zone (ZLC in Spanish) in Panama, Leopoldo Benedetti, the site of the former American base operated by Sherman in the northern province of Panama, is ideal for this purpose, having abundant ship traffic in the Panama Canal, where capacity is also being extended. " Pessimism in the Colon Free ZoneWednesday, October 14, 2015 Employers indicate that there are no incentives for maintaining business operations, which between 2012 and 2014 fell by 20%. Commercial activities, which rebounded in 2012 compared to 2011, totaling $31 billion, fell to $27 billion in 2013 and to $24 billion in 2014. Colon Free Zone Facing Tough 2013Wednesday, July 10, 2013 According to the Association of the CFZ, if it were the end of 2013 now, the Zone would be recording losses of $1.5 billion. Surse Pierpoint, president of the Association, explained that the main causes are the protectionist measures implemented by Colombia and Venezuela, two of the main customers of the CFZ. Installation of Surveillance Cameras in ColónThursday, May 21, 2009 The 48 CCTV cameras that are being installed in Colón will be complemented with foot, bicycle and motor patrols by police. The proposed installation of security cameras, which is part of the crime prevention program in the Colón region, is being funded by Cable & Wireless in partnership with the Colón Free Trade Zone administration. Colon Free Zone Faces Devaluation in VenezuelaMonday, February 25, 2013 The 40% devaluation of the Venezuelan currency threatens the ability of the largest customer of the CFZ to pay debts in dollars. Martesfinanciero.com reports that "In a globalized market, when a country gets a cold it is normal that another one sneezes. This is the case of Panama, and more specifically of the Colon Free Zone (CFZ), which sees a dangerous flu coming on after the roughly 40% devaluation of the Venezuelan bolivar, which has gone from 4.3 to 6.3 per dollar. " More Companies Leaving Colon Free ZoneFriday, February 19, 2016 The lack of tax incentives has led to 55 companies leaving the free zone in January 2016, on top of the 125 who ceased operations last year. In total, from 2015 to now, about 180 companies requested the removal of their key operations in order to cease doing business in the Colon Free Zone (CFZ), according to the Association of Users of the CFZ. Colon Free Port is looking for CompaniesMonday, December 11, 2017 Promotion of the Colon Free Port regime will intensify next year, with tax incentives being offered to companies that settle in the commercial zone located on the Caribbean coast of Panama. The objective of the law that already allows companies to set up in the 16 streets of the city of Colon, exonerating themselves from the payment of certain taxes, is to reactivate an area which in recent years has failed to take off, despite being one of the main doors of entry and exit of cargo and people on board ships and cruise ships. 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. What Can be Sold in Colon Free PortTuesday, October 11, 2016 Among the goods which will be able to be sold tax-free in the 16 streets in Colon are articles of clothing, footwear, jewelry, phones and watches, among other things. From December 4 the list of goods which will be able to be sold duty free, within the 16 streets of Colon, will come into effect. Some of the items that were added to the list are: confectionery, electronics, televisions, computers, toys, perfumes, shoes, watches, and jewelry. How to Revive the Colon Free ZoneTuesday, October 11, 2016 The recommendations of the Brazilian company Bain include adopting a better e-commerce system, improving connectivity with the ports of Colon and facilitating trade within the enclosure. The company hired by the administrators of the Colon Free Zone to propose a strategy to revive the ailing trade in the area said there was still potential for development. Panama: Works to Improve the CFZ in 2017Thursday, September 8, 2016 A road to connect the Colon Free Zone with Enrique Jimenez airport, and the union of the areas of France Field and Cocosolito in one single customs post are planned for 2017. In the case of the creation of a single customs post between France and Cocosolito Field, the aim of the authorities at the Colon Free Zone is "... ' to create a primary customs area with Randolph Road ...that would allow the free flow of intra-zone cargo'," said Pierpoint Surse to Prensa.com. Colón Free PortMonday, September 19, 2016 Two companies have already registered in the system that allow operators in the Colon Free Zone to open subsidiaries for retail sales in the 16 blocks of the area undergoing a redevelopment process in the old town of Colon. Companies wishing to apply to receive the benefits offered by Colón Free Port (CPL by its initials in Spanish) can now register as an infrastructure or commercial investor with legal advice to the Colon Free Zone (CFZ). |
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Wednesday, May 18, 2022 - last update: 5:24 pm
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