Share this article: Facebooktwitterredditpinterestlinkedinmail

22 August 2022

Peter Holmes is a Fellow of the UK Trade Policy Observatory and Emeritus Reader in Economics at the University of Sussex Business School. Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO.

After time in the shade, Freeports are back in the news. The policy has been embraced and a subject of discourse by both PM candidates, Rishi Sunak and Liz Truss, as part of their “benefits from Brexit” claims and “levelling up” strategies. There has also recently been concern by some commentators that Freeports risk becoming ‘Charter Cities’. (more…)

August 22nd, 2022

Posted In: UK - Non EU, UK- EU, Uncategorised

Tags: , , , , , , ,

3 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

25 February 2021

Peter Holmes is a Fellow of the UKTPO. Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex.

The Government’s competition for proposals to create ten Freeports across the UK came to a close earlier this month with an announcement of the successful locations expected soon. Freeports are areas within a country that are outside its customs territory. Goods coming into the country via Freeports are exempt from paying tariffs until they enter the mainland or are shipped to another country. In the UK Freeports model[1] these areas may also be subject to special regulatory, tax, or subsidy rules. Such features may make the terms Enterprise Zone, Special Economic Zone or, the more general, Free Trade Zone more appropriate. The full details of all bids have not been published but summary reports indicate wide variety of business cases. (more…)

February 25th, 2021

Posted In: UK - Non EU, UK- EU

Tags: , ,

Leave a Comment

Share this article: Facebooktwitterredditpinterestlinkedinmail

28 July 2020

Peter Holmes is a Reader in Economics at the University of Sussex and Julia Magntorn Garrett is a Research Officer in Economics at the University of Sussex. Both are Fellows of the UK Trade Policy Observatory.

The Department for International Trade (DIT) Freeports consultation document states duty inversion as one of the four core benefits of a Freeport: “If the duty on a finished product is lower than that on the component parts, a company could benefit by importing components duty free, manufacture the final product in the Freeport, and then pay the duty at the rate of the finished product when it enters the UK’s domestic market.” (more…)

July 28th, 2020

Posted In: UK - Non EU, UK- EU

Tags: ,

26 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

26 September 2019

Dr Peter Holmes is Reader in Economics at the University of Sussex, Director of Interanalysis and Fellow of the UK Trade Policy Observatory. Interview by Kate Beaumont. This article was first published on Lexis®PSL Commercial on 5 September 2019.  

How will the establishment of free ports enable the UK to benefit from Brexit trade opportunities? Dr Peter Holmes, reader in economics at the University of Sussex, considers the pros and cons of these special ports where normal tax and customs rules do not apply. (more…)

September 26th, 2019

Posted In: UK - Non EU, UK- EU

Tags: , , ,

11 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

27 February 2019

Ilona Serwicka is Research Fellow in the economics of Brexit and Peter Holmes is a Reader in Economics at the University of Sussex. Both are Fellows of the UK Trade Policy Observatory.

There are proposals to relax customs rules and duties in specially-designated areas known as free ports or more generally free zones. But these would make little impact on rebuilding the UK economy after Brexit, reveal Dr Serwicka and Dr Holmes in our latest Briefing Paper ‘What is the extra mileage in the reintroduction of ‘free zones’ in the UK?’ (more…)

February 27th, 2019

Posted In: UK - Non EU, UK- EU

Tags: , , ,

16 Comments