The Press and Journal (Aberdeen and Aberdeenshire)

Government­s in free port talks

-

Discussion­s about establishi­ng a free port in the north-east are continuing “at the highest levels of government”.

The Press and Journal revealed earlier this year that Boris Johnson was minded to grant Aberdeen or Peterhead free port status after Brexit, potentiall­y creating thousands of jobs and pulling in internatio­nal investment.

Trade minister Graham Stuart told MPs yesterday that the UK Government was “working hard” with the Scottish Government on the proposals.

A free port is a zone within a country that is treated, for customs purposes, as an independen­t jurisdicti­on.

This means goods can be manufactur­ed, imported and exported in the zone without incurring normal barriers to trade like tariffs and customs duties.

Supporters of the idea say introducin­g free ports have already been successful in countries such as the United Arab Emirates.

Mr Stuart, answering a question in the Commons from Aberdeen South MP Ross Thomson, said: “Free ports have the potential to drive growth in towns and cities across the UK enabling them to make the most of Brexit opportunit­ies.

“We’re working hard to design a model that delivers optimal benefit for the UK and specific locations, and we’ll work with the devolved administra­tions on this particular matter.”

Mr Thomson said he believes a north-east free port would have a transforma­tive effect similar to the London Docklands investment in the 1980s.

Earlier this month, Aberdeen harbour bosses said “further investigat­ion” would be needed before it could become a free port.

Newspapers in English

Newspapers from United Kingdom