subject: Buy Wholesale From The Zona Libre Colon [print this page] The Republic of Panama has a geographic advantage as it is located at the crossroads of the world thanks to the Panama Canal. It also enjoys economic stability as it uses the US dollar as legal tender which fluctuates less than other currencies in the region. A large and developed banking center and insurance industry, modern container ports and not very strict business requirements also play an important role in the success of this zone.
Important facts about the Zona libre de Colon:
*Largest free zone on the American continent
* 450 hectares
*2500 wholesale companies
*300 000 buyers every year
*Over 20 000 employees
*14 billion in imports and exports
Which countries do business with the Zona Libre de Colon? Most of the products are transshipped from Panama to other ports of Latin America. Imports come from the Far East with the largest suppliers coming from Hong Kong followed by Taiwan, United States, Japan, Korea, France, Mexico, Italy, Puerto Rico, Switzerland, UK, Malaysia and Germany. The most important buyer is Colombia. Other buyers include Venezuela, Guatemala, Ecuador, Costa Rica, USA, Chile, Honduras, Brazil and more.
The Zona Libre Colon benefits greatly from being so close to the Panama Canal.The Panama Canal attracts over 12,000 vessels every year. This will surely increase as the expansion to the Panama Canal will be finished by 2014 allowing larger post Panama vessels to cross the Panama Canal. There are numerous warehouse and logistic projects planned for the next five years ensuring a continual growth for the Zona Libre de Colon.
