Zona Franca Occidente received recognition for the Better Free Trade Zone in the Americas for SMEs in 2021, at the “Global Free Zones of the Year” awards for fOf Intelligence of the Financial Times group.
On October 14, 2021, the fDi Intelligence magazine of the Financial Times Group (British newspaper with special emphasis on international business and economic news) highlighted ZFO as the only Free Trade Zone in Colombia as the best Free Trade Zone in the Americas for SMEs
According to the fDi, these are the factors that stand out Western Free Trade Zone as the best Free Trade Zone in the Americas for SMEs: Promote e-commerce with ZFO entrepreneurs, since many points of sale had to close due to the pandemic. The strategy consisted of allowing merchandise dispatches to operate 24 hours a day, 7 days a week, with customers entering the Free Trade Zone to pick up merchandise without prior authorization and while still complying with all biosafety protocols.
In addition, the Western Free Trade Zone is working to extend the exemption period for 10 years from the Industry and Commerce tax. (ICA) encouraging foreign investment.
Thank you!
From Western Free Trade Zone, Its directors and collaborators are grateful for this recognition, which confirms our hard work, commitment, and responsibility toward all our objectives.
It is a pride to be recognized as one of the best Free Trade Zones in Colombia, in addition to sharing recognition with International Free Trade Zones such as:
- DMCC (Dubai)
- Coyol Free Zone (Costa Rica)
- Waigaoqiao Free Trade Zone (China)
- Katowice Special Economic Zone (Poland)
To see the full report of the winners in the different categories of the FDI Intelligence Best Free Trade Zones 2021 awards, click here. click here.
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