In 1948, the southeastern corner of Manzanillo Island was designated as the Colón Free Trade Zone.
The Free Trade Zone has since been expanded through land reclamation on the Folks River and annexation of parts of France Field (now Enrique Adolfo Jiménez Airport) and Coco Solo.

During its heyday, Colón was home to dozens of nightclubs, cabarets, and movie theaters.
It was known for its citizens' civic pride, orderly appearance, and outstanding native sons and daughters.
Politically instigated riots in the 1960s destroyed the city's municipal palace and signaled the start of the city's decline, which was further accelerated by the military dictatorships of Omar Torrijos and Manuel Noriega from 1968 to 1987.
In 1948, the southeastern corner of Manzanillo Island was designated as the Colón Free Trade Zone. The Free Trade Zone has since been expanded through land reclamation on the Folks River and annexation of parts of France Field (now Enrique Adolfo Jiménez Airport) and Coco Solo.
During its heyday, Colón was home to dozens of nightclubs, cabarets, and movie theaters. It was known for its citizens' civic pride, orderly appearance, and outstanding native sons and daughters. Politically instigated riots in the 1960s destroyed the city's municipal palace and signaled the start of the city's decline, which was further accelerated by the military dictatorships of Omar Torrijos and Manuel Noriega from 1968 to 1987.
Colón, Panama