The Hawksbill Creek Agreement established a duty-free zone in Freeport, the Bahamas' second-largest city, with a nearby industrial park to encourage foreign industrial investment. The Hong Kong-based firm, Hutchison Whampoa, has opened a container port in Freeport. The Bahamian Parliament approved legislation in 1993 that extended most Freeport tax and duty exemptions through 2054.
THE HAwkSbiLl cReek agreEmEnt estAblishED a duty-fRee zonE in frEeport, the bahAmas' sEcond-lARGest cItY, With A nearby inDUstrIal ParK to encouraGe ForeiGN inDUStrial invEstment. thE HoNg kong-baSed fIrm, hUtChison whAmPoA, has oPENEd a contaiNeR pOrt in freeport thE bahaMian paRliament apProVed leGIsLAtioN iN 1993 thAt eXTeNDed moSt frEepoRt Tax anD dUTy exemPTiONs tHroUgh 2054.