European Stars And Stripes (Newspaper) - September 7, 1958, Darmstadt, Hesse                                Sap popular attraction at the Airport is the tourist ready and willing to help All control Tower More than Oil by Brendan staff writer Shannon Airport on Ireland West coast May become the focal Point for develop ment and Extension of Enterprise into the european if the Hopes and aspirations of Ireland Young business planners come according to Brendan Youthful chief executive of the Shannon free Aii port development there Are remarkably few formalities to delay the opening of a businessman base in Europe at Shannon before the Advent of Tran Ocean air travel the site of Ireland great International air port at Shannon was just another picturesque part of the general scenery which attracted a Normal number of tourists nowadays the scene has changed con As Well As those of All Europe major airlines and from coun tries As far away As make scheduled stops at Shannon and the airports duty free store attracts nearly a half million transient passengers Between the store and the restaurant Shannon is do Fig More than million Worth of business a year right said but we think that Only a he established by the Irish legislature As the worlds first air age free port Shan non operates under direction of the Irish department of in Lusty and to attract american investment this government Agency has organized a plan whereby an american business firm wishing to do business on the continent can set up shop at Shannon and receive preferential treatment from the Irish for said in the free Trade zone Here at Shannon an Amer ican firm can set up a factory or Ware House and receive an outright Grant of up to two thirds of the Cost of buildings or whichever is the application and extent of Irish government Aid is subject to negotiation and evaluation of the proposed another to the invest said is total exemption from income tax and corporation profits tax for a period of ten and Legisla Tion is currently under consideration to extend this to a 25year the custom free aspects of shannons Industrial development plan mean that a participating businessman May bring finished partly manufactured goods and raw materials All classes into the free Trade zone in any quantities and there is no limit to the time during which such goods May remain at the exceptions to this Rule Are fire arms and a few other items not normally admitted to merchandise while in the free zone is exempted from All customs duties and this in that warehousing or factory operation at Shan non would pay no customs until ultimate delivery of the finished product in the european country in which it is destined for and then the customs would be paid to the country under the goods May be Man fac marked or manipulated in any Way without customs super there Are no restrictions on import of machinery within the area and such machinery arid equipment enters free of customs in addition to the Industrial aspects of Shannon the Airport is thinking ahead into the Jet air the Irish Are lingus and run a coordinated service which this year went into the transatlantic Field of operations with flights from Ireland to new York and a contemplated Extension to in clude this is in addition to the already Well established Irish air operations into nearly Alt countries in a new runway to accommodate Jet airliners is being Laid out and will be in operation in 1960 or possibly before that fils 12 the stars and stripes a Paradise for bargain Hunters Shannon airports duty free