Financial Times FT.com

Free trade: Investment reaps its reward

By Peter Wise

Published: May 9 2006 11:05 | Last updated: May 9 2006 11:05

The island’s industrial free trade zone (IFTZ), an immaculately maintained site equipped with a new container port and only a few minutes by motorway from Funchal airport, epitomises modern Madeira, a region that has been transformed by massive investments in infrastructure.

But the zone, overlooking a deep bay at Caniçal, a former whaling centre on the south-eastern tip of the island, maintains a strong link with the distant past.

Madeira

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