POST Online Media Lite Edition



 

UK hopes to have freeports up and running next year

Christian Fernsby |
Britain plans to announce the location of up to 10 post Brexit freeports by the end this year so they can begin operating in 2021, the government said yesterday.

Article continues below



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."


What to read next

China's Guangdong delegation wraps up Ireland visit
Swiss government seeks to slash health bill with lower doctor fees
China hopes Germany's probes into Chinese acquisitions 'an exception'