Free trade zones

Mexico free trade zones worth exploring for stateside international shippers

It’s no surprise that the U.S. West Coast ports have seen such horrendous congestion — everything seems to funnel through Southern California. 

The Port of Long Beach reported last month that it moved more cargo in 2021 than any year on record, handling 9,384,368 twenty-foot equivalent units. This represents a 15.7% year-over-year (yoy) increase in containers overall, including a 14.6% yoy increase in imports (4,581,846 TEUs), smashing the previous container record set just a year prior.

As the...

https://www.freightwaves.com/news/mexico-free-trade-zones-worth-exploring-for-stateside-international-shippers

Creating freeports will be ‘no magic wand’ for a post-Brexit Britain

Freeports (otherwise known as free-trade zones, or FTZs) are “not a magic wand for reviving struggling regions”, despite claims made by the UK’s international trade secretary Liz Truss.
Shortly following her appointment, Ms Truss claimed FTZs would transform towns and cities across the UK, but senior ports analyst at Drewry Maritime Neil Davidson said: “Most successful FTZs are those launched in already successful ports, ie the big busy gateways… critical mass matters.”
Mr …

The post Creating...

https://theloadstar.com/creating-freeports-will-be-no-magic-wand-for-a-post-brexit-britain/