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The Latin American Free Trade Association came into effect on January 2, 1962. When the trade association commenced it had seven members and its main goal was to eliminate all duties and restrictions on the majority of their trade within a twelve-year period. [1] By the late 1960s the area of LAFTA had a population of 220 million and produced ...
The Zona Libre, or Free Zone, was a free trade zone in the Mexican state of Tamaulipas [1] along the Mexico–United States border established in 1858. The goal of Zona Libre was to equalize the imbalanced economic environments that had resulted after the Mexican–American War on either side of the Rio Grande River, which had become the international border between the United States and ...
The zone consists of a 240 ha enclosure built north of downtown Iquique known as the «walled enclosure» or «industrial district». Inside a 1650 operating companies that trade goods free of duties and taxes, with annual sales of U.S. $ 2.1 billion (2006). Goods can be stored, processed, finished or sold without restriction.
The Colón Free Trade Zone is the largest free port in the Americas, and second largest in the world. [1] It started operations in 1948 and occupies about 2.4 km 2 (600 acres). It is divided in two large areas: one located in Colón, segregated from the city by a wall, and the other relatively new, in the harbor area, which is designated for ...
The Southern Common Market, [ a ] commonly known by Spanish abbreviation Mercosur, and Portuguese Mercosul, is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994. Its full members are Argentina, Bolivia, Brazil, Paraguay and Uruguay. Venezuela is a full member but has been suspended ...
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The Free Economic Zone of Manaus (Portuguese: Zona Franca de Manaus, Portuguese pronunciation: [ˈzõnɐ ˈfɾɐ̃kɐ dʒi mɐˈnaws] ⓘ - ZFM) is a free economic zone in the city of Manaus, the capital of the State of Amazonas, Northern Brazil. The initial idea, a free trade port in Manaus, came from Deputy Francisco Pereira da Silva and was ...
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone.