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Shipping and Transport news from Northern Adriatic Sea

A study examines the advantages of the free port zone in Trieste

TRIESTE - The Port Authority, in cooperation with the Chamber of Commerce of Trieste and the Committee “Lloyd 170”, presented a study concerning the operational, commercial and fiscal advantages deriving from the particular regulations of the free port zones in Trieste.
The analysis aims to stimulate the interest of Italian and foreign investors in a port of call which, in the new European geography of the sea traffic flows of the global economy, is quickly gaining a central position along the big trans-European transit corridors between East and West. Even thanks to its natural deep draft, in fact, Trieste is the direct port gateway to the Central European market for the big shipping companies using vessels with a big capacity on the courses per Suez from/to the Middle/Far East and South East Asia. The study has three levels of analysis: a comparison of the feasible procedures in the free zones with the ones laid down in the other national ports and in the other free EU zones, a quantification of the main traffic flows of commodities quoted on the main international commodity exchanges and a series of surveys involving the main companies in North East Italy (agro-food, construction and plant, engineering, textile, import/export and logistics industries). According to the survey, it emerges that the advantages for the operators on the basis of the examined average operations have an incidence of 73%, in particular the commercial advantages, followed by the operational, administrative and financial ones on the same level. Even the analysis of the commodity market is particularly interesting, divided in the main sections of energy products and raw materials, with an impact “ad valorem” over 21 billion euros a year and an undoubted economic return on the local and regional economy in terms of socioeconomic and financial satellite activities. Worth mentioning – last but not least – the opportunities offered by the particular regulations of the free zones of the Port of Trieste at a fiscal level, by the 180 days deferment on custom credit, by the lowering of the excise duties for overseas work as well as by the free transit for international intermodal/combined transport. The whole study is published as a PowerPoint document on the web site of the Port Authority of Trieste: www.porto.trieste.it.