Theresa May urged to create ‘free ports’ across Brexit Britain to create nearly 90,000 jobs and boost trade
Current EU laws make free ports impossible but they are already successful in the US
THERESA MAY has been urged to create “free ports” across Brexit Britain in a bid to create nearly 90,000 jobs and boost trade links with the rest of the world.
A think tank said new tariff-free trade zones around existing ports would allow manufacturers on site to import and export without paying any duty and customs charge.
Current EU laws make free ports impossible but they are already successful in the US.
The Centre for Policy Studies said the Government could position the new zones at areas outside London where the economic need is “higher” – such as Tyneside, Liverpool and Hill.
Tory backbencher Rishi Sunak – who wrote the report – said: “Upon leaving the EU, Britain will find itself with more opportunities for economic innovation than at any time in almost 50 years.
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“As the date of our departure draws closer, it will be the responsibility of Government to ensure Britain is not timid in seizing those opportunities.”
The Leave campaigner added: “Foreign Trade Zones are flourishing all around the world – except in the EU.
Post Brexit they could play an important role in signalling Britain’s openness to the world.”