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Trade plummets in Panama's Colón zone

Wednesday, July 23, 2014

Panama's Colón Free Trade Zone reported a 15 percent drop in trade in the first half of the year, compared with the same period last year.

During the period, the zone registered trade worth $11.27 billion.

The zone's crisis is worsened by an ongoing dispute over a multi-million debt with Venezuela and a reexport fee on shoes and textiles with Colombia.

Source (in Spanish): La Estrella