Foreign trade zones (or free ports)

Bibliographic data

Monograph

Identifikator:: 1801857903

URN:: urn:nbn:de:zbw-retromon-199077

Document type:: Monograph

Title:: Foreign trade zones (or free ports)

Place of publication:: Washington

Publisher:: United States Government Printing Off.

Year of publication:: 1929

Scope:: IX, 322 S; Ill., graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 2. The free ports of Europe

Collection:: Economics Books

144 FOREIGN TRADE ZONES THE FREE PORT OF HANGO, FINLAND [From James R. Wilkinson, American consul, Helsingiors, Finland} No free port functioning in Finland.—A free port was established in Hango in 1921, but it was taken over by the Government before it was quite completed and is now operated as an ordinary port. A summary of the history of the Hango free port is embodied in the fol- lowing paragraphs. Free port agitation due to future Russian trade.—During 1920 certain Finnish business men were seized with the notion that great trade expansion was impending in Russia and that the most natural trade route between Petrogad and the western world would be the railroad line between that city and Hango Finland. Accordingly, the idea of a free port in the latter city was conceived and was agitated until the Finnish Government passed a law giving the necessary powers for the establishment of free ports. THE FREE PORT LAW Law passed. —There being no law in Finland providing for free zone or free port activities, it was of course necessary to pass one. Accord: ingly, a law providing for free ports was enacted on March 31, 1921 The main provisions of the law are as follows: Free ports may be established in appropriate places—The law pro- vides that free ports and free warehouses may be established in any appropriate place in the country under certain conditions duly set forth. Free port defined. —A free port is defined as a zone in which goods may be cleared, warehoused, repacked, manufactured, and otherwise handled without regular customs procedure. A free warehouse is defined as a place in which goods may be handled as in the case of 8 free port. State and Finnish citizens have right to establish.—Section 2 of the law provides that the right to establish and operate a free port if vested in the State, which may delegate its right to municipalities; corporations, and cooperative societies the boards of directors of which are Finnish citizens. A proper application must be submitted to the Government and the opinion of the community concerned must be heard. Status of free port with regard to ordinary trade.—To all intents and purposes goods going to or coming from the free port have the same status as goods exported from or imported into Finland. State to provide regulations for free ports. —Section 4 of the law gives the Government the right to promulgate the regulations necessary for operating free ports. These regulations may pertain to custom® procedure, tariffs, safety, and other matters. It also provides that tariffs shall be no higher than what the upkeep, expansion, and 2 moderate profit necessitates.

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