UK hopes to have freeports up and running next year
Topics: FREE PORT UK
As Britain develops its own trade policy for the first time in decades after leaving the European Union at the end of January, the government has launched a 10-week consultation setting out its plans for the freeports, or free trade zones.
Once the consultation is completed, sea, air and rail ports will be able to bid for freeport status.
"Freeports will unleash the potential in our proud historic ports, boosting and regenerating communities across the UK," Chief Secretary to the Treasury, Rishi Sunak, said in a statement.
"They will attract new businesses, spreading jobs, investment and opportunity to towns and cities up and down the country." ■