Panama will become a logistics platform

In order to promote and increase the logistics industry, as one of the engines of Panama’s socio-economic growth and to coordinate the logistics strategies together with the public sector, the most important unions in the private sector created the Business Logistics Council (COLE).

The council aims to improve responses to the specific needs of the sector and contribute to the vision of turning Panama into the worldwide maritime and logistics services platform.

Their objectives include helping to improve the competitiveness of the logistics sector in the whole set of activities (sea, air, and land), as they greatly impact the Panamanian economy.

"In the logistical issues, we see that competition has been growing around, and if we do not pay attention to the short-term, we could diminish and lose the position we have,” said Daniel Isaza, President of COLE.

"Our goal is to position Panama within the most competitive countries in the world in the next five years and the first four positions of global logistics," he said.

He also expressed that Panama is be effected by several factors, including customs processes that delay the proceedings.

Another objective is to make part of the cargo passing through Panama enter the country and be transformed, so that the whole world can see in Panama as a transshipment place, a logistics hub.