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Located on Grand Bahama, Freeport is the 2nd largest city in the Bahamas, with a population of around 50,400 in the area, and 26,910 people in the city proper.
Freeport has been a free trade zone since 1955, and will retain this status until 2054. Under the free trade agreement, known as the "Hawksbill Creek Agreement", businesses in the area are not required to pay any taxes. This agreement, along with the fact that Freeport Harbour is suitable for even the largest vessels, has been a major spur to economic growth - and Freeport now contains a cruise terminal, a container port, and Grand Bahama International Airport which handles 50,000 flights per year - with a total of around a million tourists visiting the area annually.
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