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.
Author not available, FREE PORT.,
The Columbia Encyclopedia, Sixth Edition 2008
The Columbia Encyclopedia, Sixth Edition. Copyright 2008 Columbia University Press
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Port Klang Free Zone taking big strides forward
New Straits Times; 11/26/2007; Kang Siew Li; 868 words;
Port Klang Free Zone taking big strides forward ... Lifestyle Section: Business Times Type: News THE Port Klang Free Zone (PKFZ) in Pulau Indah, a project ... the second year of operations," Port Klang Free Zone Sdn Bhd (PKFZSB) general manager ... team of locals appointed by the ...
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&type=1 "Korea Times (Seoul, Korea)")
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Pusan Port Expected to Be Designated Duty Free Zone.
Korea Times (Seoul, Korea); 2/7/2001; 320 words;
... the port of Pusan and Kamchon port as duty free zones. Pusan is scheduled to ... designate the whole area of Pusan port a duty free zone, but settled on two areas ... a preliminary site for a duty free zone. Inchon port is expected to obtain the status ...
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DOMINICAN REPUBLIC: Joint venture concession award for planned $1,400,000,000 port development project, JEBEL ALI FREE ZONE INTERNATIONAL (JAFZI) and DUBAI PORTS INTERNATINATIONAL (DPI) [UAE] - Order #: 030403.
WWP-Business Opportunities in Latin America & the Caribbean; 3/1/2003; 1246 words;
... extensive development of port and free zone infrastructure and ... management of a 30 square km free zone; - A port complex; - A commercial ... PORTS, CUSTOMS & FREE ZONE CORP. - PCFC) Jamal ... Managing Director (Dubai Port Authority Affairs) Ahmed ...
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Port Klang Free Zone in talks with 55 firms
New Straits Times; 11/7/2007; Azlan Abu Bakar; 360 words;
Port Klang Free Zone in talks with 55 firms Byline ... Lifestyle Section: Business Times Type: News PORT Klang Free Zone (PKFZ) is in talks with 55 companies ... are interested in operating at its free zone area in Pulau Indah, involving ... after officiating at the Seventh World Free ...
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Port Qasim - its potential as free trade & industrial zone. (port in Karachi, Pakistan; Industry)
Economic Review; 6/1/1991; Siddiqui, Jamil A.; 3488 words;
Port Qasim - Its Potential as Free Trade & Industrial Zone ... what is known as Customs Free Port , Free Port Zone , Free Trade & Industries Zone ... commercial enterprises at Port Qasim can be converted into Free Trade & Industrial Zone ...
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Shenzhen seeks free port despite calls against
China Daily; 11/25/2006; Chen Hong; 507 words;
... its bonded logistics zone into a free port, despite reports that authorities ... approved, Yantian would be the fourth free port on the mainland. The current three ... and the newly approved Dayao Bay free port of Northeast China's Dalian. Yantian ...
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It's all systems go for Port Klang Free Zone
New Straits Times; 11/1/2006; Presenna Nambiar; 374 words;
... 01-2006 It's all systems go for Port Klang Free Zone Byline: Presenna Nambiar Edition ... Lifestyle Section: Business Times Type: News THE Port Klang Free Zone (PKFZ), a 400-ha site on Pulau ... straight away start work in the free zone to build their facilities once ... construction on ...
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U.S. seen as major user of U.K.'s 6 free ports.
Daily News Record; 3/5/1984; Robbins, Lisa; 871 words;
... taking a close second place. Each free port organization identified high technology ... since they were first selected as free port sites in early February. Several ... export goods stands to benefit from a free port, which is an area specially designated ...
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Calls Made for Pusan Port to Be Designated Customs Free Zone.
Korea Times (Seoul, Korea); 2/24/2001; 127 words;
Pusan port, the world's largest container ship port, needs to be designated a customs free zone to help maintain ... development of Pusan's port that designation as a customs free zone would help generate ... activities as a customs free zone, about 5,280 ... said, adding that the ...
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Port Klang Free Zone on track for Nov opening
New Straits Times; 10/23/2006; 353 words;
Port Klang Free Zone on track for Nov opening Edition: Main/Lifestyle Section: Business Times Type: News PORT Klang Free Zone (PKFZ), the country's first fully integrated free commercial and industrial zone, is all ready to open next month with full facilities on site. PKFZ recently ...
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Port Klang Free Zone offers wide range of incentives
New Straits Times; 8/13/2007; 246 words;
New Straits Times 08-13-2007 Port Klang Free Zone offers wide range of incentives ... Lifestyle Section: Business Times Type: News PORT Klang Free Zone (PKFZ) offers a range of incentives ... up operations in the fully integrated free commercial and industrial zone. Among ...
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A Cebu free port soon?(Never on a Sunday)
Manila Bulletin; 1/7/2007; 661 words;
... should become an economic zone and free port. My model has been the Singapore ... international companies to invest in the Cebu free port. Finally where is the political component ... time I started writing about it (free port) in my column. Even today there is ...
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&type=1 "Info-Prod Research (Middle East)")
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PRIVATIZATION OF DUTY FREE IN DUBAI PORT
Info-Prod Research (Middle East); 8/2/2004; 84 words;
... agreement to manage the Duty Free Shops in the Port of Dubai which was signed in ... Emirates Ports, Customs, and Free Trade Zones Authority. The paper noted that the Dubai Port Authority managed the network of duty free shops in Dubai Port and that this contract was signed ...
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Port Klang Free Zone expected to be operational by 2006
New Straits Times; 7/3/2004; 634 words;
... Straits Times 07-03-2004 Port Klang Free Zone expected to be ... 2* Section: Nation PORT KLANG, Fri. - The RM2 billion Port Klang Free Zone is expected to ... of intent with the Port Klang Authority to ... accomplished Jebel Ali Free Zone Authority in ...
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RM2b to develop Port Klang Free Zone
New Straits Times; 7/17/2004; 150 words;
New Straits Times 07-17-2004 RM2b to develop Port Klang Free Zone Edition: 2* Column: News THE Port Klang Free Zone (PKFZ) in Selangor is to be turned into a distribution hub for the region and serve as an industrial zone for manufacturing ... operations and business centre and facilities for ...
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