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The Colon Free Zone will have its own legal status only dependent on the Presidency of the Republic and the Comptroller General of Panama. Lyons conceived the free zone as a strategic center that would connect the industries of the United States and Europe with the clients of Latin America, concentrating in the same geographic point mainly ...
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 ...
3.13 Panama. 3.14 Paraguay. 3.15 Peru. 3.16 United States. 3.17 Uruguay. 4 Asia. ... Free Zones at Tanger Med Ksar el Majaz Mellousa 1 and 2; Free Zone in Dakhla and ...
The high levels of Panamanian trade are in large part from the Colón Free Trade Zone, the largest free trade zone in the Western Hemisphere. [108] Last year the zone accounted for 92 percent of Panama's exports and 64 percent of its imports, according to an analysis of figures from the Colon zone management and estimates of Panama's trade by ...
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.
Chinese influence over the Canal Zone, he argues, undermines U.S. security. Ten years ago, I commanded a 60-man counter-narcotics training mission for the Marines to the Panama Canal Zone .
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
The goal of the LAFTA is the creation of a free trade zone in Latin America. It should foster mutual regional trade among the member states, as well as with the U.S. and the European Union. To achieve these goals, several institutions are foreseen: the council of foreign ministers; a conference of all participating countries