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Paraguay is evaluating the Colón Free Zone (Zolicol) in Panama as a strategic distribution hub for its beef, soy, and pharmaceutical exports to Central America, aiming to strengthen regional trade.
Paraguay is taking steps to strengthen its presence in Central American markets through a potential partnership with Panama’s Colón Free Zone (Zolicol), the largest free trade zone in the Western Hemisphere. This strategic initiative aims to establish a distribution hub for Paraguayan meat, pharmaceuticals, soybeans, and oils in the region.
As part of a broader diplomatic and commercial mission, Paraguayan Vice Minister of Industry Marco Riquelme visited Zolicol’s facilities to explore collaboration opportunities. The delegation, led by President Santiago Peña and Minister of Industry and Commerce Javier Giménez, seeks to position Paraguay as an attractive business destination in South America.
During meetings with Zolicol’s management team, headed by Luisa Napolitano, discussions focused on knowledge transfer agreements and the development of industrial parks and free zones in Paraguay. This exchange could help Paraguay modernize its trade infrastructure using Panama’s successful model as a reference.
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