The Colón Free Zone is a significant trade area located in Colón, Panama. Established in 1948, it serves as a major hub for international commerce, allowing businesses to import and export goods without paying certain taxes and tariffs. This zone attracts companies from various sectors, including electronics, textiles, and consumer goods, facilitating trade between Latin America and the rest of the world. Covering approximately 400 hectares, the Colón Free Zone is one of the largest free trade zones in the world. It hosts over 3,000 businesses, including warehouses and retail outlets, providing a wide range of products. The zone plays a crucial role in Panama's economy, contributing significantly to employment and trade activities.