Trade experts and industry leaders welcome the return of freeports - but warn that bespoke detail could be needed to maximise benefits for UK manufacturers. Fleur Doidge reports.
Freeports, done wrong, could create a dynamic in which the mightiest or best located stand to gain most – whether the manufacturers seeking favourable taxes and tariffs are UK-based or headquartered abroad. Tax savings and tariff inversion – where manufacturers might enjoy lower tariffs on imported components coupled with lower export charges for the finished…
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