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Panama Canal Zone - the world's second largest free trade zone by Jenny Jag





Article Author Biography
Panama Canal Zone - the world's second largest free trade zone by
Article Posted: 07/08/2011
Article Views: 117
Articles Written: 1121
Word Count: 425
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Panama Canal Zone - the world's second largest free trade zone


 
Business
Panama is the name which is famous for its contribution in trade and business. When you will enter the Panama, you will find the Free trade zone Panama. In this place, you will get different duty-free export and import. This place is counted as the second largest free trade zone in the world. Panama Canal Zone involves four different ports like Colon Container Terminal (Evergreen), Panama Ports Company (Hutchinson Wampoa), Manzanillo International Terminal, and Colon Port Terminal. Moreover, it also has Cristobal Terminal on the Caribbean and Port of Balboa on the Pacific. Different transportation services like France Field Airport, Land Transport Terminals, Panama Railway Terminal, the Panama-Colon Highway and Cruise terminals are readily available as the conveyance for local people and tourists.

Due to the advantage of fiscal and money, Free trade zone Panama has become one of the most appreciable places for the businessmen. Different people from all over the globe are showing their interest in Panama real estate. Most of the businessmen come here from United State, Europe and Japan.

Why people show interest in Panama canal zone ?

• As this place has currency of dollar

• As security of Intellectual Property Rights are ensured

• As this place offers accommodation at low cost

• As tax system is very much different in duty free export-import, manufacturing and other services

Overall security of this place is very much ensured and crime rate is low here. Different security agencies are here, which are ensuring total safety of this place. Thus, all time dedicated security is totally ensured of this city. Directorate of Judicial Inquiry and the National Police are always on their foot to give proper support to the local people. Different transit staffs here go for motorcycle round or in official vehicles to see whether people here are staying peacefully. Moreover, trained dogs are always there to ensure further safety. This place is famous as the Global Logistics Center for the world, which has 400 hectares of land, 2000 established companies and 250000 visitors per year.

When people from all over globe come here, they visit different places like malls and shopping plazas. They get a proper chance to see exhibition halls, commercial premises, which are most of the times open from 8:00 am to 5:00 pm. While traders from all over globe come here then they stay in five-star accommodation and get a complete luxury of stay. People here get the option of withdrawing money from 25 different national and international banks.

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