puerto franco (spanish) - meaning, definition, translation, pronunciation

Part of Speech

"Puerto franco" is a noun phrase in Spanish.

Phonetic Transcription

/pweɾto ˈfɾaŋko/

Translation Options into English

• Free port
• Duty-free port

Meaning and Usage

"Puerto franco" refers to a port where goods can be landed and shipped without the payment of customs duties. This term is commonly used in economic, trade, and business contexts, describing zones designated for international trade that encourage commercial activity by offering tax incentives.

The phrase is frequently used in written contexts, particularly in legal, economic, and business documents. It appears less often in casual oral conversation but can come up in discussions about trade agreements or international shipping.

Example Sentences

1. El gobierno decidió establecer un puerto franco para atraer inversiones extranjeras.

2. The government decided to establish a free port to attract foreign investments.

3. Muchas empresas se benefician de las ventajas fiscales en el puerto franco.

4. Many companies benefit from the tax advantages in the free port.

5. Importar productos a través del puerto franco puede reducir significativamente los costos.

6. Importing products through the free port can significantly reduce costs.

Idiomatic Expressions

"Puerto franco" is not commonly used in idiomatic expressions. However, the concept of a "free port" can be associated with broader economic terms and phrases in discussions:

1. "Hacer un negocio de puerto franco"
2. "To make a free port deal"

3. Signifies making advantageous agreements that avoid tariffs.

4. "Ser como un puerto franco para las inversiones"

5. "To be like a free port for investments"

6. Refers to a location or situation that is very favorable for investment.

7. "El puerto franco como refugio fiscal"

8. "The free port as a tax haven"
9. This depicts a location that provides significant tax benefits.

Etymology

The term "puerto franco" is derived from the Spanish words "puerto" (port) and "franco," which comes from Latin "francus," meaning free. The term encapsulates the idea of a port where customs duties are waived, leading to the modern economic implications.

Synonyms and Antonyms

Synonyms: - Puerto libre (free port) - Zona franca (free zone)

Antonyms: - Puerto con arancel (tariffed port) - Puerto sujeto a impuestos (taxable port)

This comprehensive breakdown provides insights into the term "puerto franco," covering its meaning, usage, and related expressions.