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Freeport, Bahamas, was named for its designation as a free trade zone when it was developed in the mid-20th century. The city was established in 1955 by the Bahamian government to encourage economic growth and attract foreign investment. The term "free port" refers to the absence of certain taxes and duties, making it an attractive location for businesses and commerce. Thus, the name reflects its purpose as a hub for trade and commerce.

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