Entrepôt

An entrepôt or transshipment port is a port, city, or trading post where merchandise may be imported, stored or traded, usually to be exported again.These commercial cities spawned due the growth of long-distance trade. Such centers played a critical role in trade during the days of wind-powered shipping. In modern times customs areas have largely made such entrepôts obsolete, but the term is still used to refer to duty-free ports with a high volume of re-export trade. This type of port should not be confused with the modern French usage of the word entrepôt, meaning warehouse.

History

Entrepôts were especially relevant in the Middle Ages and in the early modern period, when mercantile shipping flourished between Europe and its colonial empires in the Americas and Asia. For example, spice trade in Europe, coupled with the long trade routes necessary for their delivery, led to a much higher market price than the original buying price. However, traders often did not want to travel the whole route, and thus used the entrepôts on the way to sell their goods. However, this also led to even more attractive profits for those who persevered to travel the entire route. The 17th-century Amsterdam Entrepôt provides an example of such an early-modern entrepôt.

Examples

Examples of specific entrepôts at various periods include:

• Amsterdam, Netherlands
• Boma, Democratic Republic of the Congo
• Cap-Vert, Senegal
• Cape of Good Hope, South Africa
• Colón, Panama
• Constantinople / Istanbul, modern-day Turkey
• Dubai, UAE
• Fort Orange, (New Netherland), Albany, New York, US
• Hong Kong
• Macao
• Naha, Ryūkyū Kingdom
• New Orleans, Louisiana, US
• Port of Keelung, Taiwan
• Port of Kaohsiung, Taiwan
• Port Klang, Malaysia
• Kollam/Quilon, India
• Salalah, Oman
• Saint Paul, Minnesota, US
• Singapore
• Tin Can Island Port, Nigeria
• Venice, Italy

See also

• Free port
• Re-exportation