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Panama’s Colón free zone trades $24 billion

Thursday, August 18, 2011

\ Major projects such as the highway entering the city, an important road bridge and the fame of its free zone are bolstering the Panamanian city of Colón as a world leading logistics center.\ \ The free zone’s president recognized that the free zone has grown spectacularly. “Just two years ago, exports and imports combined came to $18 billion. This year we are reaching $24 billion,” he said.\ \ The zone provides Panama’s fiscal authorities with 7.8 percent of the nation’s gross domestic product, aboiut $1.6 billion a year.\ \ Original source (in Spanish): La Estrella\ \ \ \