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The Colón Free Trade Zone is a free port in Panama dedicated to re-exporting a wide variety of merchandise to Latin America and the Caribbean. It is located on the Caribbean coast, near the Atlantic entrance to the Panama Canal , in the province of Colón, within the city of Colón though outside its municipal jurisdiction and operates as an ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States port of entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China Skip to main ...
Free trade areas are set up between countries; for example, the Latin America Free Trade Association (LAFTA) was created in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay; and the North American Free Trade Agreement was established between Mexico, the United States, and Canada. In free trade areas ...
The Panama Canal is not only essential for US trade in the Pacific, Mr Freeman said - in the event of any military conflict with China, it would be needed to move US ships and other assets.
The Colon Free Zone (C.F.Z.) is located in the city of Colon at the Atlantic entrance to the Panama Canal dedicated to re-export of merchandise to Latin America and the Caribbean. The Panama Pacifico Special Economic Area (PPSEA) was passed into law in 2004 in the Republic of Panama.
Latin American leaders on Monday rallied to Panama's defense after U.S. President-elect Donald Trump threatened to reimpose U.S. control over the Panama Canal, a key global shipping route located ...