Commenting on the \u2018Free Trade Zones: Part of the UK\u2019s post Brexit international trade strategy\u2019 report by Crowe Clark Whitehill LLP, Richard Ballantyne, chief executive, BPA, called free trade zones an interesting concept which many UK ports are looking at.<\/p>\n
\u201cBrexit could mean that new customs and trade opportunities arise and any proposals which make the UK ports and logistics industry more competitive and improves the flow of goods at ports should be welcomed,\u201d he said.<\/p>\n
He added that the free zone status could in fact be more beneficial to certain ports and it is therefore important to ensure any future proposals properly reflect the diversity of the UK ports industry, whilst balancing competition.<\/p>\n
\u201cWe look forward to discussing these and other ideas with the UK Government to ensure that Brexit retains a strong focus on trade, Mr Ballantyne added.<\/p>\n
A free port is an area within a state, region or country with a special status for customs purposes, specially designed to help trade and economic development.<\/p>\n
In such areas goods and products can be imported, manufactured, processed and exported in the zone without triggering trade and customs requires such as tariffs and customs duties and some sites can be designed to incorporate competitive tax and business rules.<\/p>\n","protected":false},"excerpt":{"rendered":"
The British Ports Association (BPA) has called for a new debate on a free ports policy following a new report which urges the government to reconsider the option post-Brexit.<\/p>\n","protected":false},"author":8,"featured_media":11240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-11239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/11239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=11239"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/11239\/revisions"}],"predecessor-version":[{"id":11241,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/11239\/revisions\/11241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/11240"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=11239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=11239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=11239"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=11239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}