free port
| Dictionary: free port |
n.
A port or an area of a port in which imported goods can be held or processed free of customs duties before reexport.
| 5min Related Video: free port |
| Business Dictionary: Free Port |
Port where no duties are imposed on ships that load or unload.
| US Military Dictionary: free port |
1. a port open to all traders.
2. a port area where goods in transit are exempt from customs duty.
See the Introduction, Abbreviations and Pronunciation for further details.
| Geography Dictionary: free port |
A port, such as Hong Kong, or part of a port, where customs duties are not payable. Costs are, therefore, lower, as is insurance and administration.
| Columbia Encyclopedia: free port |
free port, port, or section of a port, exempt from customs regulations (see tariff). Goods may be landed at a free port for storage and handling, and they may even be processed into manufactured goods. Duty is charged only if the goods are moved from the free port into the adjacent territory. Free ports originated in the late Middle Ages, when the burdensome tariffs charged by many petty states threatened the reemerging maritime commerce. The high tariffs later levied in the period of mercantilism necessitated additional free ports. In the 19th cent. the danger of smuggling caused the closing of many free ports. In Europe, Copenhagen, Danzig, and Hamburg were free ports until 1939; in East Asia, Hong Kong and Singapore still are. In the United States, bonded warehouses serve some of the functions of the free port, permitting goods to be stored and processed in specially licensed warehouses if a bond exceeding the amount of the customs duties is first posted. In 1934 the Foreign Trade Zones Act authorized the establishment of free ports in the United States, but with a prohibition on manufacturing. The first American free port was opened in New York City in 1937, and others have since been added. Many international airports have free ports.
| Wikipedia: List of free ports |
A free port (porto franco) or free zone (US: Foreign-Trade Zone) is a port or area with relaxed jurisdiction with respect to the country of location. Free economic zones may also be called free ports.
Most commonly a free port is a special customs area with favorable customs regulations (or no customs duties and controls for transshipment). Earlier in history some free ports like Hong Kong enjoyed political autonomy. Many international airports have free ports, though they tend to be called customs areas, customs zones, or international zones.
Free ports and Free Zones by country
Africa
Egypt
Morocco
Mauritius
- Port Louis Free Port
Asia
Bahrain
Hong Kong, China
India
Indonesia
Iran
Israel
Japan
Lebanon
Macao, China
- Macao (Ka-Ho)
Malaysia
- Penang Until 1969
Pakistan
Philippines
- The former United States Navy base of Subic Bay
- Zamboanga City Special Economic Zone Authority
- Clark Freeport Zone
Singapore
South Korea
Taiwan
- Port of Keelung Free Trade Zone
- Port of Taipei Free Trade Zone
- Port of Taichung Free Trade Zone
- Port of Kaohsiung Free Trade Zone
- Taoyuan Air Cargo Park Free Trade Zone
Turkey
United Arab Emirates
- Creative City
- Dubai Internet City
- Dubai Media City
- Dubai Studio City
- International Media Production Zone
- Dubai Knowledge Village
- Dubai Healthcare City
- Dubai International Financial Centre
- DuBiotech
- Dubai Outsource Zone
- Jebel Ali Free Zone
- Ras Al Khaimah Media Free Zone
- Ras Al Khaimah IT Park
- Ras Al Khaimah Free Trade Zone
Europe
Austria
(part of the European Union)
Belarus
Croatia
- Rijeka, 1723
Denmark
(part of the European Union)
- Freeport of Copenhagen (Københavns Frihavn)
Finland
(part of the European Union)
- Free zone of Lappeenranta (Lappeenrannan Vapaa-alue)
- Freeport of Hanko (Hangon Vapaasatama)
France
(part of the European Union)
Germany
(part of the European Union)
- Freeport of Hamburg (Freihafen Hamburg)
- Freeport of Bremerhaven (Freihafen Bremerhaven)
- Freeport of Cuxhaven (Freihafen Cuxhaven)
Georgia
Greece
(part of the European Union)
- Free zone of Piraeus
- Free zone of Thessaloniki
- Free zone of Heraklion
Ireland
(part of the European Union)
- Ringaskiddy Free Port
- Shannon Free Zone
Isle of Man
- Isle of Man Airport (Ballasala)
Italy
(part of the European Union)
- Livorno, 1675-1860
- Free Zone of Trieste (Porto franco di Trieste)
- Free Zone of Venice (Porto franco di Venezia)
Malta
(part of the European Union)
Latvia
(part of the European Union)
- Free port of Riga
- Free port of Ventspils
Lithuania
(part of the European Union)
- Free Port of Klaipėda
Portugal
(part of the European Union)
- Free Zone of Madeira - Caniçal (Zona franca da Madeira - Caniçal)
Romania
(part of the European Union)
- Port of Constanţa, January 2007
Russia
- Nakhodka
- Vladivostok, 1861-1909
Spain
(part of the European Union)
- Free zone of Barcelona (Zona franca de Barcelona)
- Free zone of Cádiz (Zona franca de Cádiz)
- Free zone of Vigo (Zona franca de Vigo)
- Free zone of Las Palmas de Gran Canaria (Zona franca de Las Palmas de Gran Canaria)
- (Ceuta and Melilla are not Free Ports or Free zones because they are parts of Spain, but not part of the European union for customs and excises)
Sweden
(part of the European Union)
- Marstrand, 17th century
- Saint-Barthélemy, 1785-1878
Switzerland
(part of the European Economic Area)
- La Praille free port, Geneva[1]
- Geneva Cointrin International Airport free port, Geneva[2]
Turkey
Ukraine
- free port and free economic zone Odessa
- 1819-1858
- Trade sea port of Odessa, January 1, 2000 for 25 years
United Kingdom
(part of the European Union)
- Liverpool Free Zone
- Prestwick Airport Free Zone
- Southampton Free Zone
- Tilbury Free Zone
- Port of Sheerness Free Zone
- Humberside Free Zone
- London Docklands
The Americas
Argentina
- Zona Franca La Plata
- Polo Industrial Zona Franca General Pico, La Pampa [3]
Bermuda
- Free port of Hamilton Harbour, Hamilton, Bermuda
Brazil
- Zona Franca de Manaus
Chile
Dominican Republic
- Mega Port of Punta Caucedo
http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/en/gr115831e.html http://www.port-technology.com/projects/caucedo/
Nicaragua
Panama
Uruguay
- Carrasco International Airport (Free Port)
- Zona Franca de Montevideo
- Zona Franca Colonia
- Zona Franca Rivera
U.S.
Venezuela
- Free port of Isla Margarita (Puerto Libre de Margarita)
- Free zone of the Paraguaná Peninsula (Zona Franca de la Península de Paraguaná)
See also
References
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
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 | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more |
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