Colon Free Zone Port (port code: PACOL / PACFZ) is a free port in Panama dedicated to re-exporting a wide variety of merchandise to Latin America and the Caribbean. It is located on the Caribbean coast, near the Atlantic entrance to the Panama Canal, in the province of Colón, within the city of Colón though outside its municipal jurisdiction and operates as an autonomous entity of Panama.
Established in 1948, the port is the largest free port in the Americas, and second largest in the world. It occupies about 2.4 square kilometers (600 acres) and is divided in two large areas: one located in Colón, segregated from the city by a wall, and the other relatively new, in the harbor area, which is designated for warehouses, covering 0.53 square kilometers (130 acres) and 370 meters (400 yards) from Colón's commercial sector.
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