First-class infrastructure and outstanding logistics assets define Panama as the center of excellence for regional and global distribution and logistics.
Located in the heart of America, with the Panama Canal moving 8% of world trade and the best connected airport in Latin America, Panama offers unsurpassed advantages.
From Tocumen International Airport, more than 132,000 annual direct flights take off to 90 destinations in 35 countries, including 16 cities in Canada and the United States, and connecting to key destinations in Europe, such as Germany, Spain, France, Italy and the Netherlands.
Panama is number one in Latin America and the Caribbean in the Maritime Cargo Connectivity Index (LSCI). On average, 55 regular line services dock at Panamanian ports each week, connecting directly to 148 ports in more than 50 countries around the world.
With the most active ports in Latin America, located in the Pacific and Atlantic Oceans, Panama is the # 1 option to access world markets. The country occupies the 6th position in the world ranking of port infrastructure quality.
Reaching markets of 1,300 million consumers, its relevance in world trade is indisputable. Save time, distance and costs. The Panama Canal connects 144 maritime routes that reach 1,700 ports in 160 countries. Through this route you can access most of the cities of the American continent in less than 10 days. The expansion, which allows the transit of Neo-Panamax ships, doubles its cargo capacity.
Due to its privileged location and multimodal system, Panama is a strategic point for important logistics companies, such as Ceva Logistics, Damco, DHL, DB Schencker and Logistics Services Panama, as well as for large multinationals such as Adidas, Samsung, Dell, Sony, Bayer and Gilead Sciences.
Panama is # 1 in Latin America for its quality of rail transport infrastructure. Covering a distance of 80 km, the Panama railway is the only one in the world linking the Atlantic and Pacific oceans. Connects the Atlantic and Pacific ports in just 75 minutes. A modern road network links the different components of the logistics cluster, allowing access within five minutes to five port terminals and two international airports.
International companies that carry out logistics operations in Panama take advantage of the tax, labor and immigration benefits that the country offers as an incentive for foreign investment. These companies are exempt from income tax on their foreign and domestic operations, as well as other taxes and import duties. The Free Zones and the Colon Free Zone allow optimal use of the country’s multimodal logistics capacity.
Panama is the continental link for 7 submarine fiber optic cables that provide virtually unlimited bandwidth, and is the country with the highest average Internet download speed in Central America (4.5 Mb / s). It is the node for 100% of regional Internet traffic, 97% of international voice traffic and 90% of electronic data transmission.
Panama is highly competitive in terms of labor costs within the American continent. For example, in Panama, the cost of a logistics officer is between 8% and 64% cheaper than in rival regional countries and up to 80% cheaper than in American and Canadian cities.
Panama promotes the development of logistics activities and strengthen its logistics hub. As part of the Government’s strategic plan (2015-2019), it was announced that public investments worth US $ 3.2 billion would be made in the logistics sector and US $ 2.9 billion in infrastructure.
Panama offers significant savings in the supply chain, thanks to the flexibility and connectivity of its logistics hub with the rest of Latin America and the Caribbean. Panama has one of the lowest corporate tax rates in America (25%), lower than in the United States, Mexico and Costa Rica.
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