For some months now, there have been pushing negotiations with the Walmart US network for installation of a distribution center for Latin America that would be located in the Colon Free Zone. However, until now it has not reached any agreement.

Gogetit Highlights

* It is intended that the Colon Free Zone (CFZ) is a distribution center for Latin America.

* Panama is reserved for local companies operating supermarkets.

* The Colon Free Zone is considered the most suitable for inclusion as a distribution center in Latin America.

The American company Walmart is targeted by a group of Panamanian businessmen seeking the Colon Free Zone (CFZ) is a distribution center for Latin America. This, however, has not reached any conclusion.

According to information published by the information portal Prensa.com, can get confusing the news reports that “… Through a letter signed by Panamanian President Juan Carlos Varela, a group of businessmen, headed by CEO Colon Free Zone (CFZ), Surse Pierpoint – seeks to attract the attention of executives at Walmart US to install a distribution center for Latin America in Panama”, indicating the Colon Free Zone (CFZ) as ‘the most appropriate place'”.

Employers in the Colon Free Zone, through its strategy, could point to bolster their arguments in pressure being exerted on the government for the FTA is accorded the same tax privileges to other zones of the country. Beyond this, it is clear that it will be on the negotiating table for Walmart opening the market in the retail sector in supermarkets, so for now he is denied.

Severo Sousa, president of the Logistics Business Council, a member of the group of entrepreneurs that drives the initiative, said “… I always thought it was a good idea to attract Walmart, sell the benefits that Panama has to be established here and have it as a company flag to attract other businesses such the country.”

Read more information here (article in Spanish).

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Silvia Merida Pellicer
Gogetit Content Manager. Author of important reviews for Gogetit News, “The #1 Source for real estate news in Panama.”
Specialized in the search and analysis of the most important news about real estate in Panama.

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