Foreign trade zones (or free ports)

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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

224 FOREIGN TRADE ZONES Statistics.—There are no available statistics concerning the free port, but it may be stated that the amount of business therein was approximately 25 times greater in 1927 than in 1923, the year of inaugurating the operations. THE FREE PORT OF VIGO, SPAIN {From Consul Walter H, McKinney, Vigo, Spain] The port of Vigo was made a free port by a royal decree dated October 22, 1918. The organization of the port, in the manner pre- scribed in the royal decree, was effected about five years later, and approved by the central government in the Gaceta de Madrid dated March 4, 1923. The corporation which controls and administers the free deposit of the port is known as the “consortium,” and is composed of the muni- cipality of Vigo, the chamber of commerce, the board of public works, and certain private interests. An executive committee is made up of representatives of each of these interests. Powers of the consortium.—The consortium has full powers to issue ponds up to a total of 2,000,000 pesetas, buy or rent property, con struct buildings, control the operations of the deposit, and prescribe the tariffs charged for handling merchandise therein, etc. Under the charter granted by the Government, merchandise enter- ing the free port is not subject to customs duties, and the following operations are permitted within the depot when they are performed according to the regulations of the consortium and under the vigilance of those in charge. The changing of containers; the division or repacking of goods; mixing of different kinds; the decorticating and roasting of coffee and cocoa; the stretching of hides; the crushing of woods; the washing of wool; and in general all operations which will increase the value of the deposited merchandise without essentially varying its nature. Present status of the free-port activities.—Since the publication of the decree approving the organization of the port, however, nothing has been done, as far as the writer can ascertain, toward putting inte effect the provisions of the charter. No land has been acquired, 2° piers or building constructed, no guards or overseers employed, nor any goods, with the exception of a few small shipments of Americal raw cotton in transit to Portugal, warehoused. A member of the consortium states that some construction will be started in the near future, but as far as the free port is actually co? cerned, it may be said not to be operative.

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