UK Businesses Consulted about Freeports
There are several consultations open on Customs topics as the UK shapes its future outside of the EU. Give HM Government your opinion now on Freeports !
The Freeports Consultation is sponsored by HM Treasury and open until 20 April 2020. The proposal is to create 10 Freeports across the UK to boost global trade, attract investment and increase prosperity.
What is a Freeport ?
A Freeport is a secure zone where different Customs rules apply. Freeports exists around the world with varying features and benefits and are already permitted in the EU. The take up in the UK under EU legislation was limited and secondary legislation lapsed. There are currently no Freeports in the UK.
What is proposed ?
Government policy in respect to Freeports is to establish them as hubs for global trade, promote regeneration and job creation and create hotbeds for innovation.
Business is invited to provide comment on the policy, on the Freeports policy and the locations. The consultation sets out areas of policy for comment including Tariffs and Customs, Tax , Planning, Regeneration and Innovation.
Clearlight Comment on Freeports Consultation
Clearlight Customs are working on a submission to government in response to this consultation with the UK Free Trade Zone association. If you would like to discuss our views or wish to contribute let us know.
Contact Clearlight on Freeports Consultation
Let us know if you need more information about Freeports policy and Free Trade Zones. Contact us here.