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Lyons' projections were met and hundreds of companies moved to the Colon Free Zone. Starting in 1970, when Panama became an international banking center, more companies established themselves in the free zone, and in 1988 its area expanded to almost 300 hectares, becoming the largest free zone in the Western Hemisphere and the second largest in ...
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 ...
MIT is a distribution center for cargo destined for cities within Panama and nearby countries in Central America and the Caribbean. It is one of the largest container transshipment terminals in the region and has direct access into the Colón Free Trade Zone (CFZ). MIT, has multimodal operations including container input and output from rail ...
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 ...
Many of the workers in the free-trade zone commute from Panama City. The city center is full of ramshackle wooden buildings. Sewage runs in the streets and garbage rots in fetid piles.
Historically, the Panama Canal (and the nearby Colón Free Trade Zone) was the key source of Panama's income, but its importance has been displaced by the services sector. [14] The country's industry includes the manufacturing of aircraft spare parts, cement, drinks, adhesives, and textiles.
Panama City: 2 or 3 Panamá Oeste: 2 or 3 Colón: 4 Government agencies, offices and public schools 5 Mobile phones (Prior to August 2005) [3] 6 Bocas del Toro: 7 Chiriquí: 7 Toll-free 8 Coclé: 9 Herrera: 9 Los Santos: 9 Veraguas: 9
Rubio walks back State Department’s claim of free Panama Canal transit for US government vessels