Relocating to Panama

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International Trade
International trade law is a mixture of national legislation and international public law which applies to transactions in goods and services across national borders. As Panama has a global strategic location, this area of law is of particular importance in trade. For many countries, some multilateral treaties play an important role in this field - in particular the Vienna Convention on the International Sale of Goods and cope with various dispute resolution and enforcement of awards resulting.

A large part of international trade in Panama a place that is the main function of shipping and delivery of the goods to their destination. Panama marine facilities have facilitated the country's emergence as one of the world's major centers of multimodal logistics. The reference point is the Panama Canal, which carries more than 13,000 ships, 192 million tons of cargo and around 700,000 passengers and crew in 1998. Because of its attractive legislation for the registration of ships, Panama has the largest maritime fleet in the world, and their four privatized container ports represent an investment of over U.S. $ 4.5 billion. The ports, along with the revival of the trans-European rail Isthmia, originally planned to move one million cargo containers in 1999 and two million in 2002 and are now fully operational as an integral part of the economy.

The Panama Canal has the support of the Colon Free Zone, which is responsible for a substantial amount of trade with other countries in Latin America. The Colon Free Zone is located on the Atlantic side of the Panama Canal and is dedicated to the re-export of goods to the Americas and the Caribbean. Wholesalers and retailers travel to the free zone because they are unable to buy all consumer products, either by the container load or in small quantities, because the area specialized in importing the introduction of container loads of goods, and breakdown for resale.

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