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Some Scepticism Over the UK Freeport Policy as Report Published - Latest industry shipping news from the Handy Shipping Guide


Some Scepticism Over the UK Freeport Policy as Report Published
Internal Political Wrangle Does Not Inspire Confidence
UK – With the release of the report on UK Freeports by the International Trade Committee the tone from some quarters is less than enthusiastic. The policy was always to prove controversial when promoted by a government which has a track record of previously proposed transport policies about as popular as a European Football Super League (think ferry companies with no ships, parking for post Brexit traffic, Smart motorways which aren t etc.).
For those who don’t know, Freeports are designated areas which enjoy various concessions on customs and other benefits. Despite being within a country’s geographical borders, Freeports are effectively outside a country’s customs borders. This means goods imported into a Freeport are generally exempt from customs duties until they leave the Freeport and enter the domestic market. No duty is payable if they ....

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