Free Ports

Through this article the authors try to emphasize the economic importance of a free port, with jurisdiction more relaxed compared to the country where it is located; this includes exemption from customs duties and a special customs regime with favorable customs regulations. The authors emphasize the legal definition of free port in binding with another institution, the free economic zone, which together play an important role in the global economy. Free ports or "Porto Franco" have a millenary existence, whose first origins were in China and Greece. At the end of the century, the great port cities were equipped with Zona Franca, in order to attract cargo, ship owners, merchants, and to develop the local economy. Through continual adaptation to new needs, this concept has its origins in the Middle Ages and is not yet obsolete. Free port development was particularly significant during the last decades.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01608001
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 5 2016 3:33PM