Ministry of Housing, Communities and Local Government written question – answered on 29th March 2021.
To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the potential effect of tariff-free arrangements for materials imported through a freeport on the competitiveness of domestic manufacturing.
Government is committed to supporting UK manufacturing and recognises the vital role it plays in the UK economy, by driving innovation, exports, job creation and productivity growth. Freeports give businesses increased choice for their customs facilitation which plays a significant role in attracting investment and jobs. Businesses will benefit from import duty suspension when goods are imported into the Freeport customs site, and when the goods exit the Freeport to enter the UK’s market the duty will apply. Within a Freeport customs site, businesses also have the option to bring in domestic goods which can then be processed alongside imported goods.
Yes1 person thinks so
No0 people think not
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