Related insights: Exporting and International Trade

Freeports: lessons from the US

14 Jul 2021
Freeports or Foreign Trade Zones (FTZs) as they are referred to in the US are more established and the UK could take insight from the successes and challenges. The key is simplicity, businesses need to understand the benefits to their business.

We’re still confused by freeports, say bosses

13 Jul 2021
Most firms still do not have a full understanding of how freeports will operate and be governed, a survey suggests (Louisa Clarence-Smith writes). A report which includes responses from the British Ports Association, Brittany Ferries and Lloyds Bank found that 64 per cent of about 500 businesses questioned were unclear about how the eight freeports in England announced by Rishi Sunak in March would work.

New product compliance rules for businesses exporting to the EU and NI

06 May 2021
New rules will prohibit certain goods from being sold in the European Union (EU) and Northern Ireland (NI) unless an economic operator established in either the EU or NI is identified as being responsible for certain product compliance matters. The new rules apply from 16 July 2021 and will impact exports to the EU and NI, including those from Great Britain, as explained below.

UK Freeports: what happens now?

20 Apr 2021
The locations of the UK’s eight new Freeports have been announced with the promise of simpler planning, favourable customs tariffs and duties, and tax breaks to encourage growth and investment. But what should you do now? 

Freeports in the UK: how will they work in practice?

17 Mar 2021
In the 2021 Spring Budget, Chancellor Rishi Sunak announced the location of eight Freeports/Free Zones in England following a competitive bidding procedure launched in Autumn 2020. Press coverage and social media commentary was generally positive. However, there is a risk that those positive responses stem from a misunderstanding of the detailed proposals, and that a degree of expectation-management will be required to ensure that businesses take appropriate steps depending on whether they are within or outside the relevant parts of a designated Freeport/Free Zone.