UK Freeports are not
May 10, 2021 9:07 AM
By Rob Harrison in Financial Times
By Rob Harrison in Financial Times
The Tories headline policy of creating "freeports" to benefit apparently from "Brexit freedoms" looks as if it will be a damp squid as the Financial Times reports. The government has failed to include clauses in its new trade agreements to allow the freeports to benefit from these agreements. Apparently the agreements with 23 different countries, including Singapore, Norway and Switzerland, include clauses that specifically prohibit manufacturers from benefitting from the deals if they are located in a Freeport. Any exports from these freeports will be subjected to tariffs.