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In 1917, three years after the opening of the Panama Canal, the possibility of building a free zone in the area in Colón was discussed. The Colon Chamber of Commerce raised the project of a free zone in 1929, and the project was taken into account in 1948, following the Second World War.
The 1914 boundary treaty made Colón an exclave of the Republic of Panama entirely surrounded by the Panama Canal Zone. Under the 1936 Hull–Alfaro Treaty , the United States ceded the "Colón Corridor" from the Canal Zone; this was a strip under Panamanian jurisdiction just wide enough to build a road 4 miles (6.4 km) long connecting the city ...
Every part of Panama was seeing an increase in shopping mall developments in 2009. [38] Venezuelans deposited over $1.4 billion USD into Panama banks in 2009. Venezuelan capital amounted to $2.5 billion in 2009 in Panama's Colon Free Zone. [39] According to The Economist, "Panama's income distribution is among the least equal in the world." [40 ...
Colón Island (Spanish: Isla Colón) is the northernmost and main island in the Bocas del Toro Archipelago located in Bocas del Toro Province, Panama.The capital city of the province, Bocas del Toro, is located on the island and is one of Panama's main tourist attractions with over 150,000 visitors per year and an 8% annual rate of growth in tourism.
This page was last edited on 9 January 2018, at 14:40 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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