The Free Port of Trieste was established by the Austrian Emperor Carlo VI in 1719 and strongly developed by his daughter Maria Teresa who considered Trieste as the only Port of the Austrian Empire.
The 1947 Paris Peace Treaty and the Memorandum of London in 1954 maintained the Free Port of Trieste’s legal and fiscal regime, thus giving it an extra-territorial status. Since that time, customers can benefit from special conditions for both import, export and transit operations, customs procedures and fiscal regime.