uk-hopes-to-have-freeports-up-and-running-next-year

UK hopes to have freeports up and running next year

FILE PHOTO: A general view shows the port on Brexit day, in Dover, Britain January 31, 2020. REUTERS/Peter Nicholls

LONDON (Reuters) – Britain plans to announce the location of up to 10 post-Brexit freeports by the end this year so they can begin operating in 2021, the government said on Sunday.

As Britain develops its own trade policy for the first time in decades after leaving the European Union at the end of January, the government has launched a 10-week consultation setting out its plans for the freeports, or free trade zones.

Once the consultation is completed, sea, air and rail ports will be able to bid for freeport status.

“Freeports will unleash the potential in our proud historic ports, boosting and regenerating communities across the UK,” Chief Secretary to the Treasury, Rishi Sunak, said in a statement.

“They will attract new businesses, spreading jobs, investment and oppor

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