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/

UK prepares post-Brexit freeport master plan

Britain plans to create up to 10 freeports to boost trade and manufacturing by cutting cost and bureaucracy after it leaves the European Union, the government said on Thursday, August 1.

Prime Minister Boris Johnson, who took office last month with a pledge to deliver Brexit by the end of October “no ifs or buts”, promoted the idea of freeports during his campaign.

Ports and airports around the country will be able to bid to become one of the freeports, the government said, announcing it had...

https://container-news.com/uk-prepares-post-brexit-freeport-master-plan/

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