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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 ...
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)
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 ...
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.
Rubio walks back State Department’s claim of free Panama Canal transit for US government vessels Lucas Lilieholm, Patrick Oppmann, Valeria Ordonez, Gerardo Lemos, Caitlin Danaher and Jennifer ...
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 ...
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 ...