2025 Latin American (Panama) International Tire and Auto Parts Expo The Latin Tyre Expo and the Latin Auto Parts Expo 2025

2025 Latin America Year (Panama) International Tire and Auto Parts Exhibition

The Latin Tyre Expo and the Latin Auto Parts Expo 2025

1. Exhibition Overview

Exhibition Time: 2025 Year July 9 Day -7 Month 11 Day

Exhibition Cycle: Once a year            

Exhibition Location: Amador Convention Center

Organizer: Shandong Zhenghe International Exhibition Co., Ltd.

2. Exhibit Range

Tire and Wheel Area: Various tires and wheels; inner tubes; tire and wheel accessories; tire retreading and repair equipment and tools; tire repair materials; tire and wheel production technology and equipment, etc.

Auto Parts Area: Various auto parts (chassis parts, engine systems, steering systems, heating and cooling systems, automotive electronics, cabs, etc.); auto maintenance and repair tools and equipment; auto manufacturing technology and equipment; various auto accessories and modified parts (seats, seat cushions, floor mats, car lights, horns, instrument panels, mufflers, etc.); gas stations and car washes, etc. 。

3. Market Introduction

1. Preferential Tariff Rates

Panama is one of the countries in Latin America with the lowest import tariffs. Since January 1998, the average import tariff has been 8.25%. Goods entering the Colon Free Trade Zone can be imported, stored, processed, repackaged and re-exported without paying import duties or other taxes; no consular fees or other handling fees are charged for vessels entering and leaving the Free Trade Zone for foreign destinations; sales tax, production tax and investment tax are exempted within the Free Zone; import tax is exempted for machinery, raw materials and equipment used for production; capital gains tax is not levied on the sale of assets held for more than two years; for foreign investment, only a low tax is levied on the profit obtained.

2. Encouragement Policies

Panama's Domestic and Export Encouragement Law stipulates that enterprises whose products are entirely exported are exempt from income tax, export tax, manufacturing tax and import tax on raw materials and parts needed for production. Enterprises with partial export of products can enjoy preferential treatment according to the export ratio.

3. Convenient Transshipment Conditions

Panama is a beneficiary country of the US Caribbean Basin Initiative and also a beneficiary country of the Generalized System of Preferences. Therefore, products manufactured in Panama can be exported to the US and Europe without quota restrictions and enjoy preferential tariffs, but they must meet the rules of origin. The Colon Free Trade Zone in Panama has formed the status of a Latin American trade center for many years and has become a distribution and transshipment center for Latin American trade. Therefore, there are many sales channels and a wide range of customers. As long as there are goods in stock in Panama, they can quickly be transshipped to other countries in North America, Latin America and Europe through various channels. The trade in the Free Trade Zone is less negatively affected by the economic situation of one country or region in Latin America. Import and export trade between Panama and countries with which it has signed trade agreements or other preferential agreements is exempt from tariffs. These countries include: Guatemala, Honduras, Nicaragua, Dominican Republic, Costa Rica, El Salvador and Colombia. Foreign-invested enterprises in Panama are treated the same as domestic enterprises and can enjoy these preferential treatments.

4. No Foreign Exchange Control, Free Remittance of Funds

Panama has more than 100 international banks, and major powerful banks in the world have branches or representative offices in Panama. In 1993, Bank of China also established a branch in Panama. Bank deposits in Panama are tax-free, there is no foreign exchange control, and profits can be freely remitted in and out. Panama is a key location connecting North, Central and South America, radiating to more than 20 countries with a population of 120 million, known as the "Hong Kong of the Caribbean" and the "Dubai of the Caribbean". In recent years, Panama has also been opening up to foreign trade, hoping to highlight its position as a trade center in Central and South America through various mutual benefit treaties and visa-free treaties with Central and South America. For tire and auto parts manufacturers and traders from various countries, Panama will be the best place to land if they want to enter the Central and South American and Caribbean markets.

4. Review of Previous Sessions

2024 Latin America Year (Panama) International Tire and Auto Parts Exhibition exhibitors 65 more than 0.

5. Contact Information

Shandong Zhenghe International Exhibition Co., Ltd.

Address:   Address: No. 129, Yingxiongshan Road, Shizhong District, Jinan City Room 905, Building 1, Xiangtai Plaza

Contact Person: Zheng Xiao                     Tel: Phone: 0531- 82726908 18854113262

Contact Person: Yang Lei                    Tel: Phone: 0531-82770527 15665771353

Contact Person: Ma Ning                    Tel: Phone: 0531-82915913 15668398551

Fax:   Fax: 0531-86085342 Email: sdzhexpo@126.com

Website:   Website: www.brightway.com.cn