Around 2500 wholesalers are located in the Colon Free Zone. Every year 300 000 buyers from making bulk purchases in the free zone. They come from all over the world and especially the Caribbean, Latin America and the United States. Colon Free Zone generated USD $ 14 billion in imports and re-exports each year. The success of the “Zona Libre Panama” is due to a combination of factors such as Panama’s geographic location at the crossroads of the world, the Panama Canal, the fact that the U.S. dollar is legal tender, a huge banking center, a developed insurance and reinsurance industry, the high levels of development in container ports and not very onerous requirements of the business.
Free Zone in numbers: * Second largest Free Zone in the world. * More than 2,500 wholesalers. * 450 acres. * 300 000 guests a year. * 27,000 employees. * USD $ 14 billion in imports and re-exports each year. Strategic Location near the Panama Canal Companies in the Colon Free Zone purchase mainly from Asia and the Middle East.
For example, in 2004 Hong Kong was the largest supplier of Colon Free Zone. Other countries can be mentioned suppliers to Taiwan, U.S., Japan, Korea, France, Mexico, Italy, Puerto Rico, Switzerland, United Kingdom, Malaysia and Germany. Almost 90% of goods imported into the Free Zone in 2004 have their origin in these countries. Some of the countries of destination of exports from the Free Zone include the Republic of Colombia, which receives nearly 16 percent of exports from the Free Zone. Colombia, with Venezuela, Panama, Guatemala, Ecuador, Costa Rica, Dominican Republic, United States, Chile, Cuba, Honduras, Peru, Brazil, Nicaragua and El Salvador represent nearly 80% of exports from the Colon Free Zone. A strategic location for the future Colon Free Zone benefits from its exceptional location near the Panama Canal. * Each year, over 12,700 cargo ships crossing the Panama Canal. This traffic will increase with the expansion project, which will allow Post Panamax ships to cross the Channel. * With large warehouses and logistics solutions, established companies in the Free Zone also offers a wide range of logistics services and cargo to support the intense commercial activity of the Free Zone. In 2009, new projects of warehouses, offices and logistics facilities very modern, enabled the Colon Free Zone provide their users with cutting-edge infrastructure for an efficient business growth. To buy and sell wholesale, look. To find business opportunities.