CFTZ

(redirected from Colon Free Trade Zone)
AcronymDefinition
CFTZColon Free Trade Zone (Panama Canal; est. 1948)
CFTZChabahar Free Trade Zone (Iran)
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References in periodicals archive ?
The guaranteed time-and day-definite delivery improvements include South and Central America, including Panama where customers can benefit from the Colon Free Trade Zone, plus Europe, the Middle East and Africa, including Nigeria, the largest economy in Africa by gross domestic product (GDP) and population.
"By improving time-in-transit and increasing the number of countries served, our customers have more time-of-day delivery options to better meet their customers' critical needs." The guaranteed time- and day-definite delivery improvements include South and Central America, including Panama where customers can benefit from the Colon Free Trade Zone, plus Europe, the Middle East and Africa, including Nigeria, the largest economy in Africa by GDP and population.
"Panama has introduced new laws which would encourage greater investments in Colon Free Trade Zone," she added.
Additional growth factors are the rising prevalence of chronic diseases, sustained economic growth and the improved attractiveness of the Colon Free Trade Zone as a location where businesses can increase production, owing to the expansion of the Panama Canal.
Today's designations also target the principal Panama-based companies used by the Waked MLO to launder drug and other illicit proceeds: Vida Panama (Zona Libre) S.A., an import/export company in Panama's Colon Free Trade Zone; Grupo Wisa S.A., a holding company for businesses involved in real estate, construction, retail, hospitality, and media, including the La Riviera chain of duty-free stores operating throughout Latin America; Soho Panama S.A.
PANAMA CITY (CyHAN)- The Chinese telecommunications giant, Huawei Technologies, on Thursday opened a new distribution center for its Latin American operations in Colon free trade zone in northern Panama.
It operates two of the busiest ports in Latin America, including the Colon Free Trade Zone - the world's second largest free trade zone.
"Just last year," said Aguilar, "Cuba purchased $257 million in goods at the Colon Free Trade Zone."
Panama's Colon Free Trade Zone, the world's second largest FTZ after Hong Kong, generated $8.6 billion in exports and re-exports in 2008 and is one of the busiest ports in the world (owing to its close proximity to the Canal).
A recent study commissioned by Lilly & Associates International, a global freight forwarder based in Miami, shows that Panama's Colon Free Trade Zone (CFZ) will soon become a major logistical hub for the region due to the expansion.
PROTESTS related to the Panama Government's proposed sale of the Colon Free Trade Zone have turned violent.