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In 1917, three years after the opening of the Panama Canal, the possibility of building a free zone in the area in Colón was discussed. The Colon Chamber of Commerce raised the project of a free zone in 1929, and the project was taken into account in 1948, following the Second World War.
The 1914 boundary treaty made Colón an exclave of the Republic of Panama entirely surrounded by the Panama Canal Zone. Under the 1936 Hull–Alfaro Treaty , the United States ceded the "Colón Corridor" from the Canal Zone; this was a strip under Panamanian jurisdiction just wide enough to build a road 4 miles (6.4 km) long connecting the city ...
Every part of Panama was seeing an increase in shopping mall developments in 2009. [38] Venezuelans deposited over $1.4 billion USD into Panama banks in 2009. Venezuelan capital amounted to $2.5 billion in 2009 in Panama's Colon Free Zone. [39] According to The Economist, "Panama's income distribution is among the least equal in the world." [40 ...
A shopping street or shopping district is a designated road or quarter of a city/town that is composed of individual retail establishments (such as stores, boutiques, restaurants, and shopping complexes). Such areas will typically be pedestrian-oriented, with street-side buildings, wide sidewalks, etc. [1] [2]
The Marshall Islands cargo ship Cape Hellas, left, and the Portuguese cargo ship MSC Elma sail on Gatun Lake near the Agua Clara Locks of the Panama Canal in Colon City, Panama, on Dec. 28, 2024.
Colón District is a district (distrito) of Colón Province in Panama. The population according to the 2000 census was 174,059; [ 2 ] the latest official estimate (for 2019) is 253,366. [ 1 ] The district covers a total area of 1,180 km².