Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

New Report Outlines Policies Needed to Deliver Brexit Freeport Success - BPA

Logistic News - Published on Thu, 12 Sep 2019

Image Source: https://steelguru.com
A new trade campaign coalition published a report calling on the Government to grant special economic status to airports and seaports in order to stimulate international investment, reshore manufacturing and ultimately lower prices for consumers in a post-Brexit Britain. Port Zones UK is a new coalition of British airport and seaport operators, whose aim is to promote regional growth centred on key UK transport hubs, through the designation of enhanced ‘Enterprise, Development and Free Trade Zones’. Founding members of the new organisation include the British Ports Association, Regional and City Airports, the Port of Milford Haven, the Port of Tyne and the Institute for Exports.

The UK Government recently announced it was planning to create up to 10 free ports across the UK after Brexit allowing firms to import goods and then re-export them outside normal tax and customs rules. However, Port Zones UK, which was officially launched today, has published a new report – ‘A Licence to Operate: ‘Enterprise, Development and Free Trade Zones’ – which looks in more detail at the potential policy measures needed to make a success of any contemporary free ports programme.

In its report, Port Zones UK states that the UK’s imminent departure from the European Union has created a fresh impetus for a new and innovative growth-generating policy in regional and coastal communities. However, business conditions need to be created which increase the flow of foreign direct investment, which is central to the future of Great Britain.

Specifically, the report states that ‘zonal’ enhancements to the terrestrial and marine planning systems, as well as modifications to business focused policies of enterprise zones, need to be overlaid with any free port designation.

The report reveals three key areas of detailed policy which the Government needs to focus on.

These include:
• Speeding up the process and granting of planning permissions for development.
• Ensuring that the marine and terrestrial planning systems relating to ports are closely co-ordinated to expedite marine licences.
• Reducing delays arising from environmental legislation such as the Habitats Directive and environmental impact assessments.

Source :

Posted By : Mohan Sharma on Thu, 12 Sep 2019
Related News from Logistic segment