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Tax Free Shopping

Tax Free Shopping

The Panama Canal actually plays a major role in the way Panama has developed and how Panama became an independent country. Panama was previously part of Colombia. On November 3, 1903, Panama became independent of Colombia. This was accomplished with the help of the United Sates. The United States actually did this so that they could have access to the Panama Canal being then built by France. In the same month that Panama successfully seceded from Colombian rule, Panama signed the Hay-Bunau-Varilla Treaty which gave the United States right to continue construction and full control of the Panama Canal for an initial payment of $10 million and a yearly fee of $250,000.

The Canal Free Trade Zone (The Colon Free Zone) in Panama has become the second biggest in the world after Hong Kong. It occupies more than 800 acres and has over 2000 companies that operate or are represent on it’s complex.

The Panama Canal has become crucial to world movement of goods and as such, Panama has high import and export levels. The Colon Free Zone is the epitome of this geographical advantage to the economy. This has become the processing and clearinghouse of the traffic of goods along the Panama Canal. It is typically not only for tourists buying a single item, but also more geared toward businesses.

Because of the canal, Panama is able to offer duty-free shopping for goods from around the world. Such as Swiss watches, liquors from around the world, Japanese cameras and other electronics, French designer perfumes, and Italian silks are among the bargains available in Panama City.

Panama’s free zone has made it the new Hong Kong of Americas. Here, you can find the latest in electronics, fashion and jewellery of the best name brands offered beside the beautiful local arts and crafts.

Clothes, Electronics and Duty Free Shopping, clothes and household bargains, electronics, appliances and computers offered at very cheap prices even if you compare with the original at the factory.

Three free zone area in Panama

 

  • Duty free shopping at Tocumen International Airport offers a very nice variety of shops and selections
  • The Colon Free Zone (the biggest in America) has acres of stores.
  • Fuerte Amador Mall at the end of the Amador Causeway is a nice condensed version of that Panama has available. It is one of two terminals the second being in Colon. This terminal is generally used by cruise ships that have transited the canal.
  • Colon 2000 Cruise Terminal is a cruise port in Colon and really has about the same items to offer as the mall at the Amador. The Colon 2000 terminal is generally for cruise ships that are docking in Colon for the entire day and not entering the Panama Canal.


Understand that unless you are shopping on the Amador with the arrival of a cruise ship or in the international section of the airport; any purchases will remain in the free zone area and delivered to the airport or ship at the time of your departure.

Publish on 21.01.2009

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Phone: +507 263-6363
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