Panama Business & Economy News

  IFZA Free Trade Zone is interested in replicating business model in Panama During its meeting with senior IFZA executives, the Ministry of Commerce and Industry of Panama (MICI) was informed of its desire to establish operations in Panama and expand its presence to the level of its activities in Dubai, where it currently manages 45 thousand square meters of offices, occupied by 35 thousand companies that generate approximately 15 thousand direct jobs. IFZA, one of the leading free zones in the United Arab Emirates, has expressed interest in replicating its successful business model in Panama by opening an office under the free zone regime, reported the Vice Minister of Industry and Commerce, Eduardo Arango, after his recent visit to Dubai to participate in the tenth edition of the World Congress of Free Zones 2024. IFZA representatives noted that their interest in Panama is due to the similarities between both places as financial and logistics centers, as well as the country's pr...

  DMCC and Panama’s Logis AgriLogistics Sign MoU to Facilitate Collaboration Between the Two Free Zones The MOU will see DMCC and Logis work together to explore potential areas of cooperation between the two free zones   . The two parties will work together to promote the development of commodities trading in both free zones. Source: DMCC DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has signed a Memorandum of Understanding (MOU) with Logis, an agri-logistic free trade zone that is being constructed in Panama. Once completed, Logis will be the largest free trade zone of its kind in Central and Latin America. The MOU will see DMCC and Logis work together to exchange knowledge and expertise to support the continued development of thriving commodities marketplaces in both free zones. The MOU was signed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, and Sandro Salsano, President ...