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

252 FOREIGN TRADE ZONES Purpose of warehouse.—The merchandise usually stored in the magazini generali consists mainly of such products as sugar, coffee, mineral oil, machinery, etc. The purpose of the storage is usually for purposes of mixing various substances imported from abroad pre- paratory to subsequent exportation, these facilities saving the trouble of making payment upon imports which are destined for reexporta- tion. Naples is not an important transshipment port and only a small quantity of the goods in the magazini generali are reexported in iden- tically the same condition as imported. A certain amount of goods are also placed in the bonded warehouse to be delivered locally upon instructions of the owners of the goods. As under this system the import duty is paid only when and as the goods are delivered out of the custody of the magazini generali, this system saves the owners the expense of paying the import duty before the time the goods are actually sold or delivered into Italy. The manufacture or trans- formation of goods in the magazini generali is forbidden. Warehouse of limited importance.—It should be stated that the magazini generali in the port of Naples are not of particular impor- tance. There would not seem to be any great demand in Naples for a free port such as exists in other ports and there would appear to be little enthusiasm locally for the establishment of a complete free port Owing to the fact that the free port is at present confined merely to the magazini generali, as stated above, there are no special regula- tions governing the administration of the zone. It is believed that several years at least will probably pass before the establishment of complete free port in Naples and it is as yet too early to hazard even a guess as to just what will be accomplished in this port in the direction of extending the free zone. THE FREE PORT OF TRIESTE. ITALY [From Vice Consul Howard A. Bowman, Trieste, Italy) History —The organization of the traffic movement of the port of Trieste was ceded by the Austrian Government to the municipality and the chamber of commerce of Trieste on April 10, 1880. At that time the whole town was embodied in the free port and the Magazzin? Generali, a warehousing company founded by the above-mentioned institutions, was a prosperous undertaking. In 1886 the Vienn® Government suppressed the free port and instituted a free zone which began to operate on July 1, 1891. Three years later, on April Ll, the Magazzini Generali became a State concern with a wide autonomy but maintaining its commercial character. The loss A traffic caused by the suppression of the free port was compensate by an increase in the work at the shipyards promoted by the intro” duction of premiums on shipbuilding, with a 10-years’ exemptio?

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