The Colon Free Zone is a special economic area located in Colon, Panama. Established in 1948, it allows businesses to operate without certain taxes and tariffs, promoting trade and commerce. The zone is one of the largest free trade zones in the world, facilitating the import and export of goods. Companies within the Colon Free Zone can benefit from reduced operational costs and simplified customs procedures. This attracts a variety of businesses, including wholesalers and distributors, making it a vital hub for international trade in the region.