“Expanding Globally – Managing Greater Complexity”

Session 6: : A Hub for Expansion into the

Dario Solis, Ph.D. Managing Director

Georgia Tech Panama Logistics Innovation and Research Center

Panama: A Hub for Expansion into the Americas

• Track: Expanding Globally Managing Greater Complexity

• Description: With the strengthening of the Central and South American markets, and trade agreements with many countries in those regions (including the ), Panama is bolstering its reputation as a regional Distribution Center for the Americas.

• Panama’s geographic location and existing resources mean that it is poised to become one of the most important trade hubs in the .

• You will hear from dedicated professionals currently following a scientific and systematic approach towards improving logistics performance in Panama in order to discover the challenges and opportunities involved in centralizing your regional distribution center operations in Panama and what steps you can take today to move in that direction. Content

• Panama’s Logistics and Transportation System – Panama Logistics Assets • Panama Connectivity – Maritime – Air – Ground • Trade Analysis in – Panama Free Trade Agreements • GTP Center Resources – Panama Logistics Portal • Final Remarks and Discussion Definition of Logistics Platform

• “a defined area within which all activities relating to transport, logistics and the distribution of goods, both for national and international transit, are carried out by various operators. It must encourage intermodal transport … served by a multiplicity of transport modes (road, rail, deep sea, inland waterway, air)… run by a single body, either public or private, … equipped with all the public facilities to carry out the above mentioned operations”. European Association of Freight Villages EUROPLATFORMS

http://www.freight-village.com/definition.php Logistic Platforms Types

• Multimodal Logistics Platforms – logistic nodes connecting different modes of transport, emphasising added value services and not the specific transport modality used – also known as hubs, which are usually linked to , in order to make the most of scale economies on international routes – Their nodal function does not only include transport- related activities but also national and international logistics and distribution – They are generally run by several operators – Due to the large volumes handled and their excellent locations, they enable the implementation of nearly all different postponement strategies (geographic, manufacture and assembly) Why Panama?

• Panama has become a Freight & Trade Hub for the Americas with a great potential for sustain growth • Ideal geographical position • Well positioned to consolidate exports from Latin America to , Europe and Asia • A natural regional distribution center for Latin America • Excellent maritime and aerial connectivity for efficient, timely and safe movement of people and cargo • -class logistics assets – Panama , two ocean seaport operations, free zones and special economic areas, road and rail transportation, International Airport, etc. • Long term economic growth and political stability • Thriving financial sector and dollarized economy Panama’s economic outlook

• Panama is a growing economy • Increasing Direct Foreign Investment (DFI) and Multinational Headquarters

Source: INEC, Contraloría General (2013)

Multinational Head Quarters established in Panama: 2007-2013 25

20

15

10

Number of MHQ 5

0 2007 2008 2009 2010 2011 2012 2013 Year

Source: MICI,Multinational Head Quarters Office Source: CEPAL (2013) Global Competitiveness Report 2013-2014 ()

2013-2014

12 11 10 10 8 7 7 7 6 5 5 4 3

Gov't Prevalence of Country Affordability of Quality of air Business Mobile FDI and Venture Capital Availability of Ease of Access Soundness of procurement of Quality of Foreign Capacity to financial transport impact of rules Telephone technology Availability financial service to Loans advanced tech infrastructure ownership Attract Talent services infrastructure on FDI Subscriptions transfer products RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY RANK COUNTRY 1 Hong Kong SAR Luxembourg Switzerland Switzerland Qatar Hong Kong SAR Qatar Netehrlands Singapore Ireland Hong Kong SAR Ireland 1 2 Qatar Hong Kong SAR Singapore South Africa Hong Kong SAR New Zealand Luxembourg Singapore Singapore Hong Kong SAR Sinagapore Kuwait U. Arab Emirates 2 3 Singapore Qatar Hong Kong SAR U. Arab Emirates South Africa Qatar U. Arab Emirates Hong Kong SAR U. Arab Emirates Hong Kong SAR Gabon Panama 3 4 Norway United Kingdom Luxembourg Singapore Hong Kong SAR Singapore Malaysia U. Arab Emirates Netehrlands Luxembourg Panama Qatar 4 5 Sweden Czech Hong Kong SAR Singapore Malaysia Singapore Switzerland Rwanda Finland Panama Panama Saudi Arabia Singapore 5 6 Singapore Ireland United States United Kingdom Oman Finland Finland Saudi Arabia Panama Finland Bahrain Russian Fed 6 7 Malaysia Slovak Republic U. Arab Emirates United States Bahrain Panama Panama Panama Belgium Switzerland Rwanda Luxembourg 7 8 Israel Australia Luxembourg Finland Panama Norway Norway Taiwan, China Iceland Germany U. Arab Emirates Oman Saudi Arabia 8 9 Taiwan, China New Zealand Canada Canada New Zealand Australia Bahrain Israel Germany Norway Mauritius Montenegro Lithuania 9 10 U. Arab Emirates Estonia Panama Panama Sweden United States Brunei Darussalam Sweden Chile Kazakhstan Bahrain 10 11 Finland Panama Norway Norway Norway Canada Luxembourg Bahrain South Africa United Kingdom Finland Dominican Rep 11 12 Panama Canada Ireland Netherlands Finland Taiwan, China Oman Spain Morocco U. Arab Emirates Hong Kong SAR 12

17 9 N/A 4 12 4 2 11 4 6 5 2 3

2012-2013

* Foreign Direct Investment (FDI) Logistics Performance Index 2012

Center Action Lines PANAMA Performance by Category RANK Customs 74 Infrastructure 51 International shipments 79 Logistics competence 63 Tracking & tracing 57 Timeliness 56

61

Improvement Process

• Determine where we are through the development of a baseline and models that take into account all Panama logistics assets and services • Define and evaluate logistics performance index and compare Panama to world leaders • Articulate main country level logistics services and their relation with logistics assets and individual logistics services • Identify bottlenecks and technological gaps in all processes associated to country level logistics services • Consolidate research results with best practices captured through the collaboration with public and private sector and in this way proceed to validate proposed actions for improvement • Assess impact of actions and begin process again Improving Panama Logistics Services Panama Platform Services

• Canal Transits • Transshipment • Re-export • Export • Import • In-country logistics • People mobility • Tourism Basic Process Descriptions

Import, Export, Re-export in Panama Key processes are mapped with the objective of giving visibility to users and suggesting ways to streamline and make them more efficient.

For inbound and outbound logistics operations of an international DC in Panama, knowing these processes well is of great importance together with the corresponding processes at origin and destination. Imports

Customs brokers issue a pre-declaration and comply with special requirements (this will depend on product type). When cargo arrives, brokers issue the declarations and pay taxes at the National . Importers will then need the declarations and bills of lading to go through all government inspections and retrieve cargo at the point of entry.

Broker prepares and Start Importer sends BL Broker prepares draft and invoice to saves customs pre- Container arrives at Container customs declaration customs broker declaration and special Panamanian Port leaves port of requirements and pays taxes at bank origin

Trucker goes through End Trucker leaves port Trucker goes into yard Trucker goes to port container physical Container with container to pick up container and through customs arrives at inspection doc inspection warehouse

13 Re-export

Trucker goes to START Importer Trucker retrieves port and goes Container arrives prepares container at port through doc at Manzanillo paperwork yard Port inspection

Product Container is ready to be MANUFACTURING, cleared and Go to Free Zone’s Go to single window Arrange shipment, exported unloaded ADDED VALUE, on-site customs to for paperwork prepare export ORDER get container processing and paperwork approval PROCESSING arrival clearance

Customs verifies Return to free Trucker Trucker goes to port export paperwork zone and go to on- goes to port and gets carrier, Trucker delivers against SIGA and site customs with government and container at port places seal on yard container container port’s clearance

This process uses a Goods Movement Declaration document. This form validated by Trucker returns to customs officials registers all goods going in, out and through the special zone. free zone to deliver documents On-site customs offices at Free Zone facilities check documentation and carry out END goods inspection. They keep control by using a D6 form and a metal seal. This form registers all non-nationalized cargo entering Panama roads network to be moved from one customs location to another. Exports

Start Broker generates ExporterExporter sends sends BL Brokerand prints generates export ExporterExporter prints prints Empty container Product is declaration, BLdraft draft and and copy copy of declaration, fills draftdraft and and gathersgathers arrives 48 h prior ready to be certificate of origin ofinvoice invoice to to out certificate of allall export export to ship shipped and delivers docs customscustoms brokerbroker originto exporterand delivers documentsdocuments departure docs to exporter

Trucker takes Trucker goes into Trucker goes to ExporterExporter loads loads stamped export Trucker leaves yard to leave port and through containercontainer andand documents to port container and customs doc givesgives exportexport importer Port unloads inspection and paperworkpaperwork toto container port office truckertrucker

Broker takes documents to Exporter gives End single window for documents to processing export Exporter files customs broker and returns docs documents to exporter Exports require a declaration of goods, certificate of origin and any other special requirements (depending on the product type). Exporters or truckers will take all documentation to port, go through document inspection and leave container at port yard. Exporters will then need to take documentation to Single Window to register the transaction at the Ministry of Commerce. 15 Panama’s today vision

2009 Crisis influenced the world economic growth

Source: (2013) World Data Base Source: World Bank (2013) World Data Base Panama Logistics Assets

Panama Canal Locks Sea Ports

Airports

Road Network

Special Economic Zones Main Container Ports

Cristóbal CCT MIT

PSA Balboa Manzanillo International Terminal Manzanillo Logistics Park

Area: 17 ha with 20 ha space for expansion Four warehouses with a total of 66,000 m2 Services: warehousing, packing and repackaging, labeling, assembly, pricing, shipping Colon Container Terminal Port Cristobal Port Balboa PSA Panama International Terminal Panama Port 2012 Information

Panama Port Cluster -2012 Comparison Reference MIT CCT Cristobal Balboa PSA Location Atlantic Atlantic Atlantic Pacific Pacific Total Area (ha) 160 74.3 143 182 12.5 Container Storage Area (ha) 52 28 16 30 10 Container Storage Capacity (TEUs) 48,000 45,000 19,870 54,000 6,465 Berth (for container) 5 3 3 5 1 Length of container berths (total in meters) 1,640 982 1,001 1,714 330 Depth of berth (max/min) 14 15 / 14 15.9 / 13.5 17 / 12.6 14.5 Quay Cranes 17 10 11 25 3 RTGs 30 30 36 57 6 Stackers (all kind) 54 17 32 39 0 Reefer plugs 1,523 984 772 2,184 360 TEUs throughput (2012) 2,059,767 608,906 849,999 3,251,139 53,460 Container Handling Capacity (1) 2,200,000 1,300,000 1,000,000 3,900,000 450,000 Transshipment proportion (%) 80.0% 69.0% 87.6% 92.2% 87.0% Main Shipping Lines served (2) 23 4 6 14 1 Liner Services (2) 31 7 10 21 1 Average container dwell time in days (1) 7 n/a 5 5 7 Maximum stacking height (loaded containers) 5 n/a 6 6 5 Maximum stacking height (empty containers) 7 n/a 7 7 5 Crane productivity (max moves/hour) 32 n/a 26 30 28 (1) Reported by port operators (2) Based in CompairData on January 2013 Container Movement in TEU: 1990 - 2012

8000 Container Movement in TEU: 1990 - 2012 7000 6,823,271 (Dec12) Privatization and 6000 concession phases began 6,603,979 (Dec11) 5000

4000

PPC begins operations at

Thousand of teus of Thousand 3000 Bboa and Cbal in 1997

2000 MIT starts operations in 1995

1000 CCT starts operations in 1998 0

Source: Panama, Logistic Innovation and Research Center based on information from the Panama Maritime Authority Panama Ports Expansion Projects Pacific Side

Balboa Port Panamá International Terminal

• Expansion of yard space •800m of additional berth • Additional RTG equipment for yard •10 new PPX STS cranes •Expansion of yard to manage an annual throughput of 2 Million TEUs.

Panama Ports Expansion Projects Atlantic Side

Colon Container Terminal: Cristobal Port Manzanillo International terminal • New berth No. 4 and dredging to • 8 ha of new yard space 3 new berths 16m depth • Additional yard equipment 38 ha additional yard space to • Additional land concession to increase yearly throughput to 4 expand yard capacity Million TEUs Additional yard and berth equipment Future Infrastructure Projects

Panamá Colon Container Port Corozal Container Port • Investment: $900 million • Investment: $600+ million • Capacity 2 million TEUs/year • Area: 120 hectares • Area: 92 hectares • 2.5 km quay • Yard capacity: 36,000 TEUs • Anticipated opening: NA • Anticipated opening Q4, 2014

Panama Canal Expansion

New locks' maximum vessel size: 12,600 – 14,000 TEU Tocumen Airport Tocumen Airport – Passenger terminal Tocumen Airport – Cargo terminal Future Infrastructure Projects

Tocumen Airport South Terminal • Investment: $700 million • Area: 80,000 sq meters • 20 gates • Anticipated opening: Q4, 2016

Parque Sur

Parque Sur

Area: 25 ha with 13 ha space for expansion Phase 1: 15 ha of warehousing space Established customers: DHL, UPS, Maxell Future customers: Kimberly Clark, Tagaropulos Parque Sur Logistics Cluster in the Atlantic and Pacific Atlantic

Colon Container Terminal

Colon Port Terminal (COASA & CPT)

Manzanillo International Terminal COLON

Enrique Jimenez Cristobal Airport

Colon Free Zone Atlantic Logistics Cluster

Panamá Colon port (2014)

CCT

Railroad

Manzanillo Logistics Park 7 km New Int. Airport

Cristobal Colon Free Zone

7 km Pacific

PANAMA PSA Balboa Port

Panama Pacifico Pacific Logistics Cluster

Logistics Park Tocumen Int. Airport

North freeway

Logistics Park South freeway

20 km Corozal port (2017) Railroad Balboa PSA

Panamá Pacifico Special Economic Zone

40 km Panama Logistics Cluster

PACIFIC 40 km CLUSTER

ATLANTIC CLUSTER

65 km Panama to Colon Main Cargo Routes Shippers consider more than ocean shipping rates when designing a supply chain

• Transportation Costs – Truck or rail to port – Port to port ocean costs – Canal and port fees – Intermodal or truck for land-based line haul – Drayage truck to DC or store • Inventory Costs – Warehousing and origin accumulation before shipment – In-transit pipeline days – Value and decay as shelf life is consumed in transit – Safety stock to cover transit reliability and demand fluctuations • Other Costs – Transloading, mixing and consolidation services – Projected carbon footprint tax – Switching costs for IT and other structural elements

44 Maritime connectivity

• 1914 Panama Canal Inauguration • 1999 Panama Canal under Panamanian Administration • 20 year Sea Ports Continuous Growth • New Sea Ports in Development • 2007-2015 Panama Canal Expansion Project Panama’s Maritime Connectivity

Country Min days Country Min days Costa Rica 0 Netherlands 11 0 Spain 12 1 Germany 12 1 Italy 13 1 Belgium 13 1 Sweden 13 1 Ireland 14 1 United Kingdom 14 1 Morocco 14 1 15 United States 2 Russia 16 2 Fiji 17 2 France 18 2 New Zealand 18 Curacao 2 Suriname 19 3 Turkey 19 3 Japan 20 Bahamas 4 South Korea 20 4 New Caledonia 20 Trinidad & Tobago 4 Australia 21 5 China 22 Chile 6 Taiwan 23 Brazil 7 Portugal 23 7 Ukraine 23 8 35 French Polynesia 10 37 Canada 10 Algeria 37 Egypt 38 Lebanon 39 Minimum amount of days selected from all existing services Malaysia 45 to each destination country US to Panama to South America US to South America Panama to South America

Panama has better connectivity to the West Coast There are several services (15 services) to the Northeast Coast, but one main service to the East Coast US to Panama

Origin Min transit time Services to Panama country and port (days)

United States Charleston SC 8 3 Savannah GA 8 3 Miami FL 5 3 New York NY/NJ 11 4 Jacksonville FL 3 4 Port Everglades FL 6 5 Norfolk VA 5 5 Baltimore MD 2 5 Los Angeles CA 4 7 Freeport TX 1 7 Oakland CA 4 8 Houston TX 2 8 Gulfport MS 1 8 Long Beach CA 1 8 Wilmington DE 1 9 Philadelphia PA 2 10 Tacoma WA 2 11 Seattle WA 1 13 Portland OR 1 17

Most services have a 7-day call frequency (weekly call) Panama to South America

Min transit time Destination country and port Services from Panama (days) Brazil Macapa 1 7 Manaus 2 10 Min transit time Destination country and port Services from Panama Vila do Conde 1 17 (days) Recife 1 26 Santos 1 31 Colombia Paranagua 1 40 Buenaventura 7 1 Itajai 1 42 Cartagena, Colombia 10 1 Chile Santa Marta 2 1 Valparaiso 3 9 Barranquilla 3 2 San Antonio 6 11 Venezuela San Vicente 4 12 La Guaira 3 1 Suriname Puerto Cabello 5 2 Paramaribo 1 19 Puerto Sucre 1 4 Uruguay Maracaibo 1 6 Montevideo 1 35 Guanta 1 8 Argentina El Guamache 1 19 Buenos Aires 1 37 Guyana Georgetown, Guyana 1 1 Curacao 3 2 Ecuador Guayaquil/Puerto Bolivar 8 2 Peru 4 2 9 4

Most services have a 7-day call frequency (weekly call) Data Disclaimer Notes

• All maritime connectivity graphs have been generated based on the services and rotations reported in the CompairData Extracts. • The data is from January 2013. There might be some differences between the graphs and the current connectivity. • There are also some gaps in the data, but it still provides a good approximation of the available connectivity. Summary of the slides

1. To , Caribbean and Northeasth Coast of South America – From Houston, Port Everglades, Miami, Jacksonville, Savannah, Charleston, Norfolk, New York Central America, – From Panama Caribbean and Northeast Coast of 2. To West Coast of South America South America – From Port Everglades, Charleston, New York

– From Panama West Coast of 3. To the World South America – From New York, Norfolk, Savannah, Miami, Port Everglades, – From Panama Maritime Connectivity Part L-I

• From US Port and Panama Port to Central America, Caribbean and Northeast Coast of South America

– Ports and Minimum transit times From Houston To Central America, Caribbean and Northeast Coast of South America

9 Services

Destination Min days

Guatemala Santo Tomas de Castilla 3 Dominican Republic Caucedo, Dom Rep 4 Costa Rica Puerto Limon 4 Bahamas Freeport, Bahamas 5 Colombia Cartagena, Colombia 5 Barranquilla 7 Jamaica Kingston 7 Puerto Rico San Juan PR 7 Panama Cristobal, Panama 8 Manzanillo, Panama 15 Honduras Puerto Cortes 9 Venezuela Puerto Cabello 15 La Guaira 22 From Port Everglades To Central America, Caribbean and Northeast Coast of South America

16 Services

Min Min Destination Destination days days

Bahamas Panama Freeport, Bahamas 1 Manzanillo, Panama 5 Nassau, Bahamas 1 Almirante 5 Cuba Balboa 29 1 St Lucia Jamaica , St Lucia 5 Kingston 2 St Vincent and the Grenadines Montego Bay 3 , St Vincent 5 Honduras Haiti Puerto Cortes 2 Port-au-Prince 5 Guatemala Venezuela Puerto Barrios 3 Puerto Cabello 5 Santo Tomas de Castilla 3 La Guaira 6 Dominican Republic El Guamache 10 Rio Haina 3 Maracaibo 11 Aruba Curacao Aruba 3 Willemstad 5 U.S. Trinidad & Tobago St Thomas VI 3 Point Lisas, Trinidad 6 St Croix VI 4 Grenada Costa Rica St George's, Grenada 7 Puerto Limon 3 Barbados Bonaire , Barbados 8 Bonaire, 4 Guyana Colombia Georgetown, Guyana 8 Cartagena, Colombia 4 Suriname Barranquilla 7 Paramaribo 10 Santa Marta 8 From Miami To Central America, Caribbean and Northeast Coast of South America

19 Services

Min Min Destination Destination days days

Dominican Republic St Kitts and Nevis Rio Haina 2 , St Kitts 4 Boca Chica 3 Antigua & Barbuda Caucedo, Dom Rep 4 St John's, Antigua 5 Puerto Plata 4 Colombia Guatemala Cartagena, Colombia 5 Santo Tomas de Castilla 2 Barranquilla 6 Puerto Barrios 3 Santa Marta 7 Jamaica Puerto Bolivar, Colombia 8 Kingston 2 Trinidad & Tobago St Maarten Point Lisas, Trinidad 6 St Maarten-Philipsburg 3 Barbados Honduras Bridgetown, Barbados 6 Puerto Cortes 3 Puerto Rico Panama San Juan PR 6 Manzanillo, Panama 3 St Lucia Balboa 3 Vieux Fort, St Lucia 8 Cristobal, Panama 4 Suriname Bahamas Paramaribo 9 Freeport, Bahamas 4 Guyana Costa Rica Georgetown, Guyana 10 Puerto Limon 4 Haiti Port-au-Prince 10 Belize City, Belize 4 Guadeloupe Pointe-a-Pitre, Guadeloupe 10 From Jacksonville To Central America, Caribbean and Northeast Coast of South America

10 Services

Min Min Destination Destination days days

Bahamas Venezuela Freeport, Bahamas 2 Puerto Cabello 7 Nassau, Bahamas 3 La Guaira 9 Puerto Rico El Guamache 28 San Juan PR 2 Honduras Jamaica Puerto Cortes 7 Kingston 3 St Vincent and the Grenadines Montego Bay 21 Kingstown, St Vincent 7 Panama St Maarten Balboa 4 St Maarten-Philipsburg 8 Manzanillo, Panama 9 Trinidad & Tobago Guatemala Point Lisas, Trinidad 8 Puerto Barrios 5 Costa Rica Aruba Puerto Limon 9 Aruba 5 Grenada U.S. Virgin Islands St George's, Grenada 9 St Thomas VI 5 Guyana St Croix VI 6 Georgetown, Guyana 10 Dominican Republic Barbados Rio Haina 5 Bridgetown, Barbados 10 Bonaire Guadeloupe Bonaire, Kralendijk 6 Pointe-a-Pitre, Guadeloupe 11 Haiti Colombia Port-au-Prince 7 Barranquilla 14 St Lucia Cartagena, Colombia 15 Castries, St Lucia 7 Curacao Vieux Fort, St Lucia 9 Willemstad 23 Suriname Paramaribo 28 From Savannah To Central America, Caribbean and Northeast Coast of South America

15 Services

Destination Min days

Bahamas Freeport, Bahamas 1 Jamaica Kingston 2 Panama Manzanillo, Panama 3 Balboa 5 Colon, Panama 10 Dominican Republic Caucedo, Dom Rep 4 Rio Haina 6 Guatemala Santo Tomas de Castilla 8 Puerto Rico San Juan PR 8 Honduras Puerto Cortes 9 St Maarten St Maarten-Philipsburg 9 St Lucia Vieux Fort, St Lucia 10 Barbados Bridgetown, Barbados 11 Guadeloupe Pointe-a-Pitre, Guadeloupe 12 From Charleston To Central America, Caribbean and Northeast Coast of South America

11 Services

Destination Min days

Bahamas Freeport, Bahamas 1 Panama Manzanillo, Panama 3 Balboa 4 Colon, Panama 8 Cristobal, Panama 8 Jamaica Kingston 4 Colombia Cartagena, Colombia 5 From Norfolk To Central America, Caribbean and Northeast Coast of South America

11 Services

Destination Min days

Bahamas Freeport, Bahamas 3 Guatemala Santo Tomas de Castilla 5 Panama Manzanillo, Panama 5 Colon, Panama 6 Balboa 6 Honduras Puerto Cortes 6 Jamaica Kingston 6 Dominican Republic Rio Haina 8 Caucedo, Dom Rep 10 Puerto Rico San Juan PR 10 St Maarten St Maarten-Philipsburg 11 St Lucia Vieux Fort, St Lucia 12 Barbados Bridgetown, Barbados 13 Guadeloupe Pointe-a-Pitre, Guadeloupe 14 From New York To Central America, Caribbean and Northeast Coast of South America

19 Services

Destination Min days

Panama Colon, Panama 4 Manzanillo, Panama 6 Balboa 8 Cristobal, Panama 11 Bahamas Freeport, Bahamas 4 Dominican Republic Puerto Plata 5 Rio Haina 6 Caucedo, Dom Rep 8 Jamaica Kingston 5 Montego Bay 10 Puerto Rico San Juan PR 5 Colombia 9 Cartagena, Colombia 9 Haiti Port-au-Prince 12 St Maarten St Maarten-Philipsburg 13 St Lucia Vieux Fort, St Lucia 14 Barbados Bridgetown, Barbados 15 Guadeloupe Pointe-a-Pitre, Guadeloupe 16 From Panama To Central America, Caribbean and Northeast Coast of South America

41 Services (31 from Manzanillo) Min Min Destination Destination days days

Grenada Puerto Rico St George's, Grenada 0 San Juan PR 2 Costa Rica Curacao Puerto Limon 0 Willemstad 2 Dominican Republic Guatemala Caucedo, Dom Rep 1 Santo Tomas de Castilla 2 Rio Haina 4 Puerto Quetzal 4 Puerto Plata 5 Puerto Barrios 4 Jamaica El Salvador Kingston 1 Acajutla 3 Montego Bay 5 Nicaragua Colombia Corinto 3 Cartagena, Colombia 1 Aruba Santa Marta 1 Aruba 4 Barranquilla 2 Trinidad & Tobago Cuba Point Lisas, Trinidad 4 Havana 1 , Trinidad 12 Venezuela Bahamas La Guaira 1 Freeport, Bahamas 4 Puerto Cabello 2 Haiti Puerto Sucre 4 Port-au-Prince 7 Maracaibo 6 Guadeloupe Guanta 8 Pointe-a-Pitre, Guadeloupe 8 El Guamache 19 Bonaire Honduras Bonaire, Kralendijk 15 Puerto Cortes 1 Suriname Guyana Paramaribo 19 Georgetown, Guyana 1 Maritime Connectivity Part L-II

• From US Port and Panama Port to the West Coast of South America – Ports and Minimum transit times From Port Everglades To the West Coast of South America

1 Service

Destination Min days

Ecuador Guayaquil/Puerto Bolivar 8 Peru Callao 11 Chile San Antonio 16 San Vicente 17 Colombia Buenaventura 27 From Charleston To the West Coast of South America

2 Services

Destination Min days

Ecuador Guayaquil/Puerto Bolivar 9 Peru Callao 12 Colombia Buenaventura 13 Chile San Antonio 17 San Vicente 18 Arica 19 Coronel 24 From New York To the West Coast of South America

2 Services

Destination Min days

Ecuador Guayaquil/Puerto Bolivar 13 Colombia Buenaventura 16 Peru Callao 16 Chile San Antonio 21 Arica 22 San Vicente 22 Coronel 27 From Panama To the West Coast of South America

15 Services (10 from Balboa)

Destination Min days

Colombia Buenaventura 1 Ecuador Esmeraldas 1 Guayaquil/Puerto Bolivar 2 Peru Paita 2 Callao 4 Matarani 10 Chile Iquique 6 Arica 7 Mejillones 8 Valparaiso 9 San Antonio 11 Coronel 11 San Vicente 12 Maritime Connectivity Part L-III

• Port Connectivity Comparison New York to the World Norfolk to the World Savannah to the World Miami to the World Port Everglades to the World Panama to the World Air Connectivity

http://latintrade.com/wp-content/uploads/2013/02/etcpic037266.jpg Connectivity for Airfreight

COPA DHL

http://logistics.gatech.pa/en/assets/airports/connectivity/#/cargo Indirect connections = 1 intermediate stop Airfreight Connectivity (DHL)

Flights per day Destination country and M W Time (hours) airport Tu Th Fr Sa Su o e

Colombia El Dorado Intl 1 1 1 1 1 1 1:30 Costa Rica Juan Santamaría Intl 1 1 1 1 2 1 1:20 Ecuador José Joaquín de Olmedo Intl 1 1 1 1 1 1 3:00 Guatemala La Aurora 1 1 1 1 1 2:17 Honduras La Mesa Intl 1 1 2:07 Venezuela Simón Bolívar Intl 1 2 1 2 1 1 2:13 Arturo Michelena Intl 1 1 2:00 United States Cincinnati Northern Kentucky Intl (HUB) 1 1 1 1 1 Miami 1 2 1 1 1 1 2:51

Airfreight data provided by DHL COPA Airfreight

Airfreight data provided by Copa Connectivity for Passenger Flights (may also carry cargo)

Source: Passenger flights visualization generated from www.openflights.org data (July 2012) Special Economic Zones Logistics Opportunities in Free Zones

• Reductions on transportation costs by establishing free zones closer to ports, airports or railroad

• Fiscal exemptions translate into more competitive final goods, and improve velocity through customs

• Special labor provisions reduce costs due to more flexible provisions and migratory incentives

• Inventory – Postponement, Cross-docking, Service and Parts distribution, Customer Service programs

• Market specialization services (kitting, labeling, sub-manufacturing or assembly, repackaging, localization of product features, etc.)

Colon Free Trade Zone

• Overview – Established in 1948 – 1,064 m2 – In 2012, commercial activity was $30.7 Billions (import + exports)

• Advantages – No sales tax, no production tax. – Tax exemption on income derived from abroad. – No tax or duty on imports to or re-exports from the Free Zone to foreign countries. – for companies is the same applied at the national level (1% over total yearly income)

http://www.zolicol.gob.pa/detalle.php?cid=2&sid=44&id=70 http://www.zolicol.gob.pa/detalle.php?cid=2&sid=42&id=58 Colon Free Zone and Tocumen Airport Main Facts

Colon Free Zone Main Facts: 2012 Area Sectors Corporate Performance Trading Activity (HA) Total 1064 No Companies 3062 Trading Balance 30,793 M CFZ Down Town 91 Users 2251 Imports 14,651 M France Field 215 Represented 811 Re-Exports 16,142 M Coco Solito 121 Logistics Park 83 Employment GDP Contribution 7.5% Airport Development area 288 Direct +32800 Expansion areas 228 Indirect +2000 Other areas 38 Source: Georgia Tech Panama Logistics portal

Tocumen International Airport General Facts: 2011 - 2012

General Facts 2011 2012 Aircraft attended 93,710 110,206 Cities (services) 62 70 Weekly frequencies 927 1,050 Total Regular Airlines 27 30 Passengers (1) 15 16 Cargo (dedicated) 12 14 Charter Airlines 7 6 Total Passengers (million) 5.8 6.9 Transit 2.6 3.3 Embarking/Disembarking 3.2 3.6 Total Cargo (metric tons) 110,950 116,332 Source: Georgia Tech Panama Logistics portal (1) Most of these airlines provide airfreight services Colon Free Zone Commercial Activity: 2003 - 2012

Colon Free Zone commercial activity: 2003 - 2012

∆5.6% (2012-2011)

Source: Georgia Tech Panama Logistics portal Panama Pacifico Special Economic Zone

• Overview – Former U.S. military base (Howard) – 3,460 acres – At Pacific Entrance of the Panama Canal

• Advantages – One-Stop Shop – Special Immigration and Labor Standards – Special Customs Regime – Tax Incentives – Investment Stability Law – Single Registration – Training Center

http://www.panamapacifico.com/ Logistics Opportunities in Free Zones

• Opportunity to relocate production and distribution points to increase speed and access to markets

Ground Transportation Infrastructure

16

CORREDOR SUR CORREDOR NORTE 13 12

14 15

11 PANAMA VIEJO

6 10 1. Ave. de Los Mártires - Ave. Gorgas 5 2. Ave. Nacional - Ave. 7 8 3. Ave España- Ave. Martin Sosa 9 4. Calle 43 - Ave. Justo Arosemena 5. Ave. Israel - Ave. Brasil 3 6. Calle 50 - Ave. Brasil 7. Ave. España - Ave. Brasil 4 8. Ave. Simón Bolívar - Ave. Brasil 9. Ave. Ricardo J. Alfaro - Ave. Brasil CINTA COSTERA 2 10. Ave. Fernández de Córdoba - Ave. España 11. Ave. Fernández de Córdoba - Ave. Simón Bolívar 1 12. Ave. La Paz - Calle 13. Ave. Simón Bolívar - Ave. 12 de Oct. 14. 12 de Octubre - Ave. España 15. Panamá Viejo - Ave. Cincuentenario Regresar al principio 16. Ave. Simón Bolívar - Ave. Domingo Díaz Future Infrastructure Projects

• 3rd bridge over the Panama Canal on the Atlantic side • Anticipated opening: Q2, 2015 • 6 vehicle lanes • Investment: $365 million

Future Infrastructure Projects

• 4th bridge over the Panama Canal on the Pacific side • Adjudication: 2014 • 6 vehicle lanes and center light rail tracks • Cost not yet determined • Permits expansion of Metro lines to the West side of the capital Panama Road System Improvements

• Via Brazil interconnect to North and South corridors • 4th of and Albrook tunnels and overpasses • Via Tocument expansion to 6 lanes • Cinta costera phase 3 • Panamá Colon freeway • Total investment of around $1 billion

Panama Metro Project

• $1.88 billion for line 1 to be operational Q1, 2014 • Lenght: 14km • Extension project for line 1 to be completed Q4, 2014 • Line 2 project to be awarded Q4, 2013 • Initial capacity: 15,000 per hour each way Central America Pacific Corridor

Tocumen Airport South Terminal

• 3,200 km from Panama to Puebla, Mexico • Investment: $2.5 billion • Travel time: 48 hours from Panamá to Mexico • Estimated completion: 2018 • Will reduce travel time from 9 to 2 days • 72% of EU exports to Central America trucked from Panama Panama Cold Chain project

486 km from Panamá 80 km from Panamá 20 km from downtown Panamá

252 km from Panamá 32 km from Panamá

• Improve quality, distribution and longevity of perishable food products • Investment: $288 million • 4 post harvest centers(Volcan, Cerro Punta, Dolega, El Ejido) • 5 markets(David, Chitre, Panama, Chorrera, Colon) • Planned completion Q1, 2014 and fully operational Q3, 2014 Cold Chain Markets and Post-Harvest Centers within Zones of Influence Galores Cold Storage Solutions

Tocumen Airport South Terminal • Area: 28,000 sq. Meters • 20,000 pallet positions • 23 docking spaces • Blast freezing tunnel Example of Regional Trade

Guatemala Imports & Exports

Guatemala Imports by CIF Code Product CIF Country CIF of the Country 271019 Petroleum oils$1,884,464,823.00 & oils obtained fromUSA bituminous minerals$1,326,460,492.00 (other than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 271012 Petroleum spirit$1,027,235,375.00 for motor vehiclesUSA $816,361,160.00 300490 Medicaments (excluding$375,962,491.00 goods ofMexico heading 30.02/30.05/30.06/3004.10-3004.50)$53,428,045.00 consisting of mixed/unmixed products for therapeutic/prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems)/in forms/packings for sale 851712 Telephones for$267,203,670.00 cellular networks/forChina other wireless $186,000,514.00networks, other than Line telephone sets with cordless handsets 870323 Vehicles (excl.$242,720,479.00 of 87.02 & 8703.10)South principally Corea designed$59,498,016.00 for the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc

Guatemala Exports by FOB Code Product FOB Country FOB of the Country 090111 Coffee, not roasted, not decaffeinated$959,589,270 USA $432,996,521 261610 Silver ores & concentrates$567,331,636 USA $567,331,636 610610 Women's/girls' blouses, shirts$315,895,165 & shirt-blouses,USA knitted/crocheted,$309,956,545 of cotton 270900 Petroleum oils & oils obt. from$291,699,383 bituminousUSA mins., crude $291,675,583 151110 Palm oil, crude $232,876,756 Mexico $164,819,811

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Costa Rica Imports & Exports

Costa Rica Imports by CIF Code Product CIF Country CIF of the Country 271019 Petroleum oils &$1,008,720,956 oils obtained fromUSA bituminous minerals (other882,636,247 than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 271012 Petroleum spirit for$878,739,522 motor vehiclesUSA 811,034,062 160414 Tunas, skipjack &$369,171,730 bonito (Sarda Elspp.), Salvador prepared/preserved, whole/in14,150,152 pieces (excl. minced) 160413 Sardines, sardinella$344,359,866 & brisling/sprats,Ecuador prepared/preserved, whole/in873,045 pieces (excl. minced) 870323 Vehicles (excl. of $342,594,59587.02 & 8703.10)South principally Corea designed for the99,605,574 transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc

Costa Rica Exports by FOB Code Product FOB Country FOB of the Country 854231 Electronic integrated circuits,$2,355,334,577 processorsUSA & controllers, whether/not694,481,631 combined with memories, converters, logic circuits, amplifiers, clock & timing circuits,/other circuits 392010 Polymers of ethylene, non-cellular¬$1,804,738,594 El reinforcededed, Salvador laminated,1,783,962,060 supported/similarly combined with other materials(excl. self-adhesvie) 901839 Catheters, cannulae & the$902,750,994 like USA 467,179,035 080430 Pineapples, fresh/dried $899,331,603 USA 443,777,321 853650 Switches other than isolating$896,444,619 switches &Singapur make-&-break switches,758,216,940 for a voltage not >1000V

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Panama Imports & Exports

Panama Imports by CIF Code Product CIF Country CIF of the Country 271019 Petroleum oils & oils$3,141,680,159 obtained fromUSA bituminous minerals (other453,358,269 than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 271012 Petroleum spirit for$2,287,967,718 motor vehiclesUSA 218,442,200 271011 Light petroleum oils$832,667,246 & preparationsUSA 791,521 870323 Vehicles (excl. of 87.02$304,002,467 & 8703.10)South principally Corea designed for102,515,869 the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc 271500 Bituminous mixtures$192,714,516 based on naturalUSA asphalt/natural bitumen/petroleum19,033,995 bitumen/mineral tar/mineral tar pitch (e.g., bituminous mastics, cut-backs)

Panama by FOB Code Product FOB Country FOB of the Country 490700 Unused postage, revenue/similar$165,545,461 USAstamps of current/new120,745,287.45 issue in the country in which they have,/will have, a recognised face value; stamp-impressed paper; banknotes; cheque forms; stock, share/bond certificates & similar documents of title 710812 (incl. gold plated$112,705,332 with platinum),Canada in unwrought 92,563,345.70forms (excl. powder) 080300 Bananas, incl. plantains,$37,346,126 fresh/driedSweden 15,313,653.47 720410 Waste & scrap of cast$35,028,711 iron Taiwan 14,181,885.00 080430 Pineapples, fresh/dried$29,734,167 Holland 12,377,023.50

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Brazil Imports & Exports

Brasil Imports by CIF Code Product CIF Country CIF of the Country 270900 Petroleum oils$13,405,752,480 & oils obt. fromNigeria bituminous mins., crude 7,556,769,359 271019 Petroleum oils$9,102,213,567 & oils obtained USAfrom bituminous minerals3,359,835,476 (other than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 271012 Petroleum spirit$7,004,918,494 for motor vehiclesArgelia 1,856,842,493 870323 Vehicles (excl.$6,101,572,190 of 87.02 & 8703.10)Mexico principally designed for2,147,318,387 the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc 310420 Potassium chloride$3,512,818,128 Canada 1,092,080,639 Brasil Exports by FOB Code Product FOB Country FOB of the Country 260111 Iron ores & concentrates$23,809,804,469 (excl. roastedChina iron pyrites), non-agglomerated13,950,844,361 270900 Petroleum oils $20,305,900,223& oils obt. from bituminousUSA mins., crude 5,577,677,018 260112 Iron ores & concentrates$7,179,488,036 (excl. roastedChina iron pyrites), agglomerated971,279,388 230400 Oil-cake & other$6,595,457,488 solid residues, whether/notNetherlands ground/in pellets,1,851,784,651 from extraction of soyabean oil 090111 Coffee, not roasted,$5,721,722,102 not decaffeinatedGermany 1,121,453,753

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Peru Imports &Exports

Peru Imports by CIF Code Product CIF Country CIF of the Country 270900 Petroleum oils$3,672,717,777 & oils obt. fromSpain bituminous mins., crude 2,878,478,514 271019 Petroleum oils$2,038,642,318 & oils obtained USAfrom bituminous minerals (other696,542,924 than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 870323 Vehicles (excl.$1,032,471,561 of 87.02 & 8703.10)South principally Corea designed for374,000,698 the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc 851712 Telephones for cellular$659,220,483 networks/forUSA other wireless networks,177,600,921 other than Line telephone sets with cordless handsets 100590 (corn), other$554,139,481 than seed USA 140,307,172

Peru Exports by FOB Code Product FOB Country FOB of the Country 710812 Gold (incl. gold $9,620,951,242plated with platinum),Switzerland in unwrought forms (excl.4,983,516,118 powder) 260300 Copper ores & concentrates$8,044,095,660 China 3,435,728,554 260700 Lead ores & concentrates$1,923,366,260 China 850,046,128 740311 Cathodes & sections$1,845,582,835 of cathodes,China of refined copper, unwrought613,203,325 230120 Flours, meals & $1,730,426,982pellets of fish/ofChina crustaceans, molluscs/other aquatic855,123,367 invertebrates

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Uruguay Imports & Exports

Uruguay Imports by CIF Code Product CIF Country CIF of the Country 270900 Petroleum oils &$854,586,790 oils obt. fromNigeria bituminous mins., crude 315,330,497 271019 Petroleum oils &$558,005,557 oils obtained Brasilfrom bituminous minerals (other219,999,093 than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 870323 Vehicles (excl. of$229,916,527 87.02 & 8703.10)Mexico principally designed for76,764,490 the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc 390760 Poly(ethylene terephthalate),$145,359,366 inSouth primary Corea forms 35,738,460 851712 Telephones for cellular$136,905,604 networks/forChina other wireless networks,84,326,052 other than Line telephone sets with cordless handsets

Uruguay Exports by FOB Code Product FOB Country FOB of the Country 020230 Meat of bovine animals,$1,257,344,762 frozen, bonelessRussia 251,531,935 020130 Meat of bovine animals,$461,334,086 fresh/chilled,Chile boneless 104,561,926 100630 Semi-milled/wholly$412,728,253 milled , Irakwhether/not polished/glazed119,433,000 040690 Cheese (excl. of 0406.10-0406.40)$282,565,043 Venezuela 183,372,825 440399 Wood, in the rough$266,357,150 (excl. of 4403.10-4403.92),Z.F. FRAY BENTOS whether/not - B stripped250,131,720 of bark/sapwood/roughly squared

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas Chile Imports & Exports

Chile Imports by CIF Code Product CIF Country CIF of the Country 270900 Petroleum oils$6,110,873,365 & oils obt. fromEcuador bituminous mins., crude 1,879,626,185 271019 Petroleum oils$5,686,489,847 & oils obtained USAfrom bituminous minerals5,114,845,940 (other than crude) & preparations not elsewhere speCIFied/incld., containing by weight 70 %/more of petroleum oils/of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than waste oils&light oils & preparations 870323 Vehicles (excl.$1,614,027,248 of 87.02 & 8703.10)South principally Corea designed for534,510,146 the transportof persons, with spark-ignition internal combustion reciprocating piston engine, of a cylinder capacity >1500cc but not >3000cc 271111 Natural gas, liquefied$1,604,030,793 1,309,310,651 851712 Telephones for$1,442,719,805 cellular networks/forChina other wireless networks,1,287,313,542 other than Line telephone sets with cordless handsets

Chile Export by FOB Code Product FOB Country FOB of the Country 740311 Cathodes & sections$22,066,388,829 of cathodes,China of refined copper, unwrought8,622,939,470 260300 Copper ores & $15,911,666,853concentrates Japan 5,095,812,429 740200 Unrefined copper;$3,346,176,498 copper anodesChina for electrolytic refining 1,342,979,865 220421 Wine other than$1,431,354,867 sparkling wine UKof fresh grapes, incl. fortified; 55,686,400grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less 260111 Iron ores & concentrates$1,186,779,294 (excl. roastedChina iron pyrites), non-agglomerated966,324,169

* Source: Penta Transaction DB 2012 ** Source: http://www.ustr.gov/countries- regions/americas USA-Latinamerica Trade 2012

USA Import USA Export Origin CIF Destination FOB VENEZUELA $34,905,519,652 BRASIL $43,717,393,905 BRASIL $32,832,969,393 CHILE $18,885,832,438 COLOMBIA $25,244,381,299 VENEZUELA $17,631,222,068 COSTA RICA $12,286,812,326 COLOMBIA $16,394,570,723 CHILE $10,101,183,436 PANAMA $9,924,129,113 PERU $6,842,653,138 PERU $9,357,300,955 GUATEMALA $4,837,821,305 COSTA RICA $7,198,140,462 HONDURAS $4,809,363,801 GUATEMALA $5,913,343,385 EL SALVADOR $2,671,028,397 HONDURAS $5,733,309,613 PANAMA $565,681,568 EL SALVADOR $3,090,214,634 URUGUAY $372,316,173 $1,742,633,520 PARAGUAY $198,845,459 URUGUAY $1,338,224,241 Free Trade Agreements

Panama’s Free Trade Agreements

In America

• Canada • USA (Trade Promotion Agreement) • Central America o Guatemala o Honduras o Nicaragua o El Salvador o Costa Rica • Cuba • Dominican Republic • Trinidad and Tobago • Colombia • Peru • Chile

Free Trade Agreement Commercial Agreement Panama’s Free Trade Agreements

Rest of the world

• Taiwan • Singapore • Israel • Vietnam • EFTA - 4 Countries o Norway o Iceland o Switzerland o Liechtenstein • ADA - 27 countries Association Agreement between EU and Central America

EFTA : Europe Free Trade Association (Joint Declaration for Cooperation) Panama’s Free Trade Agreements STATUS

ADA Canada EFTA - Europe Free Trade Agreement U.S. - Panama Association Agreement (Iceland - Liechtenstein - Norw ay - Sw itzerland) Trade Promotion betw een EU and Central Agreement America (28 countries)

• Signed in 2007 • Came into force in October 31, 2012 South Korea • May 2012, Panama exports to US increased in 34% • Panama imports from US increased in 20%

Cuba Rep. of China Mexico Dominican Rep. (Taiwan) Central America (Costa Rica, Aruba El Salvador, Honduras, Israel Guatemala, Nicaragua, Trinidad Panama) Colombia and Tobago

Peru Vietnam ALADI In force (13 countries) Signed Argentina Singapur Chile Brazil In negotiation Chile - Colombia ALADI: Latin America Integration Association Cuba ADA: Association Agreement between EU and Central America Ecuador EFTA: Europe Free Trade Agreement Mexico - Paraguay – Peru - Venezuela – Uruguay - Panama Source: Ministry of Commerce and Industry Using Panama as your Logistics Platform

• GT Panama Center can help companies decide why and how use Panama’s Platform

Analyses Information Needed * Logistics analysis of maritime distribution network * Description of company’s between 2 Hub ports operations and businesses * Origin and destination * Information of products * Inbound logistics needed - amount * Assembling operations - type * Logistics Services available - frequency * Distribution analysis * Questions to be answered * Maritime Connectivity (liner services) * Future Plans * Logistics processes for imports and re-exports in Panama * Estimation of time/cost to ship inventory to/from Panama

Interested in participate? Panama Logistics Portal

logistics.gatech.pa Panama Logistics Portal

logistics.gatech.pa Panama Logistics Portal

logistics.gatech.pa Final Remarks

• Improved Panama´s Competitiveness Performance Year to Year • Excellent set of Logistics Assets that is in expansion • Serving local, regional and global markets • Essential Government-Industry collaboration model for growth being implemented • Analytical capacity to support decision making is being developed with the support of Georgia Tech Panama Logistics Innovation and Research Center • Great opportunity for Global and Regional Supply Chain Optimitzation that will result in new value adding activities for Panama and the Region

Georgia Tech Panama Staff

Darío Solís, Ph.D. Yuritza Oliver Carlos Gómez Henri Tello Managing Director Senior Research Engineer Senior Researcher Research Engineer

Lucía Cheung Melissa Sánchez Juan Carlos Peña Danna Ramírez Research Engineer Research Engineer Research Engineer Research Engineer

William Vong Mónica Saturno Research Engineer Research Assistant

11 7 Georgia Tech Faculty and Staff

H. Donald Ratliff, PhD Jaymie Forrest Director Managing Director SCL Institute SCL Institute

John Bartholdi, PhD Amar Ramudhin, PhD GT Faculty Lead Director GT Panama Center SCL Institute

Thank you!

[email protected]

www.gatech.pa www.logistics.gatech.pa