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Brexit could trigger big jobs and trade boost for UK ports

Getting rid of EU laws could see goods imported free of tariffs and create jobs in some of the UK's most deprived areas.

Image: UK ports currently handle 95 percent of the country's imports and exports
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Britain’s exit from the European Union could open up increased trade for the nation’s ports and create tens of thousands of jobs, according to a new report.



Free ports are those designated as technically existing outside of a particular country, even though they are located within that country's borders.

It allows goods to enter and leave the port without the need to pay import tariffs - currently unlawful under EU customs and state aid legislation.

The research says free ports have already been successful in incentivising manufacturing and trade in countries such as the US, and could rejuvenate many coastal towns and cities in the UK.

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It suggests up to 86,000 jobs could be created, most of which will be based outside London and would provide an economic boost to some of the UK's most deprived areas.

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Rishi Sunak MP said: "Upon leaving the EU, Britain will find itself with more opportunities for economic innovation than at any time in almost 50 years. 


"Foreign Trade Zones are flourishing all around the world except in the EU. 

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"Post-Brexit they could play an important role in signalling Britain's openness to the world, as well as reconnecting the nation with its proud maritime history."

UK ports currently handle 95% of the country's imports and exports.

James Cooper, chief executive of Associated British Ports, the UK's largest port owner, said ports should be "front and centre" of post-Brexit trade plans.