The 50 companies already operating at Tocumen’s airport facilities will be able to access free trade zone incentives if the request made by the administration of the terminal is approved

The documentation was submitted to the National Commission of Free Zones at the Ministry of Trade and Industry (MITI), and there will be a 30 day period to review and approve the application. In the documents the administration of Tocumen SA cited as justification for the application logistics companies established at the airport and in the increase in the volume of cargo passing through the terminal.

Laestrella.com.pa reports that “…The area will allow 50 logistics companies already established there to enhance their operations through activities such as manufacturing, assembly, processing of finished products or semi-finished products, logistic services, higher education, scientific research, high technology, environmental services, provision of health and general services. “

Angelo Gutierrez, director of Zona Franca at ICIM, explained that “… ‘There are companies dedicated to refrigerated food services for aircraft that are interested, as well as companies in sectors such as drugs, hi-tech spare parts and fishery and agricultural products. All of them have expressed interest in tax incentives provided for in the law .'”

Source: laestrella.com.pa