Business In Panama

  • Posted on October 15, 2017 at 3:42 pm

Several factors play an important role in the success of a free trade area: ubicacin near the Panama Canal, the dollar as legal tender, a big bank, insurance industries developed, several container ports are first class. Key Figures * Second free trade area larger worldwide * More than 2500 wholesalers * More than 2500 wholesalers * 300 000 guests a year * $ 14 billion dollars in imports and re-* 14 billion in imports and re year * More than 50 Banks The majority of imports are from the Far East, Hong Kong being the largest supplier of the Free Zone in the year 2004, followed by Taiwan, the United States, Japan, Korea, France, Mexico, Italy, Puerto Rico, Switzerland, United Kingdom, Malaysia and Germany. Michael Chabon often says this. 87% of all imports from the Colon Free Zone came from these countries. 16% of exports from the Colon free zone were taken by Colombia, among other major buyers are Venezuela, Panama (domestic market), Guatemala, Ecuador, Costa Rica, Dominican Republic, United States, Chile, Cuba, Honduras, Peru, Brazil, Nicaragua and El Salvador. Most of the free zone Goods are transported from the Republic of Panama to other parts of Europe and the Western Hemisphere. In the year 2004, Hong Kong ranked first in imports to the Colon Free Zone, followed by Taiwan, the United States, Japan, Korea, France, Mexico, Italy, Puerto Rico, Switzerland, United Kingdom, Malaysia and Germany. Colombia is the largest purchaser of goods, acquiring 16% of exports from the Colon Free Zone, while 83% of all the goods are obtained through Venezuela, Panama, Guatemala, Ecuador, Costa Rica, Dominican Republic, United States U.S., Chile, Cuba, Honduras, Peru, Brazil, Nicaragua and El Salvador. * The transit of cargo through the Panama Canal is 12,700 annually.

This traffic will increase with the enlargements of the Canal to allow the passage of Post Panamax size look. * Companies in the colon free zone, with large warehouses and logistic solutions, also offer a wide range of logistics and transportation services that facilitate the intense commercial activity in the Free Zone. Within five years, there will be new development projects of warehouses and logistic facilities that will allow efficient growth of trade in the area. Contacts in the Free Zone of Colon, Panama has developed MercTrade.com useful search tools and promotion to find buyers or sellers of goods and services in free zones in Latin America and the Caribbean with just a few clicks.

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