The free trade zones, which will develop diverse economic activities such as agribusiness, scientific research centers, storage of goods, international trade, fruit processing and agricultural production, among others, will be located in the provinces of Panama
, Chiriqui and Herrera, informed the Presidency of Panama.
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"Commercial Feasibility Studies
The February 5 press release explains that the Panama Agroindustrial
Free Trade Zone will have an initial investment
of $6 million. The Aristos Free Trade Zone, whose promoter is Inmobiliaria Bayano, S.A., will develop in the Port of Coquira, Chepo, province of Panama activities such as agribusiness, fishmeal and fish oil production and seafood maquila.
Airport Land Corp. the Free Zone Z1 TI Warehouse, whose location will be in the industrial terminal of Juan Diaz in the province of Panama, was authorized to install and operate a storage center for merchandise, manufacturing and logistics activities in an area of more than 5 hectares with an investment of more than $7 million, the document highlights.
"Regarding free zones in the provinces, the company Parque Industrial Paso Canoas, S.A., received approval for the establishment of the Global Logistic Free Zone, in Quebrada Grande, district of Bugaba, province of Chiriqui. This will be dedicated to international trade to Central America with a $4.7 million investment in a little more than 3 hectares.On the other hand, in Pese, province of Herrera, the Las Cabras Free Trade Zone will start operations. The promoter, Alcoholes del Istmo S.A., will make an initial investment of $1.7 million to develop agro-industrial activity (fruit processing, fertilizer production and production of high-end liquors, among others) creating 650 direct jobs in the region
", informed the Presidency.