{"id":1279,"date":"2018-02-20T22:35:51","date_gmt":"2018-02-21T01:35:51","guid":{"rendered":"http:\/\/www.abrazpe.org.br\/?p=1279"},"modified":"2018-02-20T22:35:51","modified_gmt":"2018-02-21T01:35:51","slug":"will-free-trade-zones-boost-uks-economy-post-brexit","status":"publish","type":"post","link":"https:\/\/www.abrazpe.org.br\/index.php\/2018\/02\/20\/will-free-trade-zones-boost-uks-economy-post-brexit\/","title":{"rendered":"Will free trade zones boost UK&#8217;s economy post Brexit?"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 5 minutos<\/small><\/p> <p>Business leaders in Grimsby, in north east Lincolnshire, England, attracted derision late last year when they called for Grimsby docks to be designated a free trade zone.<\/p>\n<p>Professor Alex De Ruyter of Birmingham City Business School, the founder of the country\u2019s first Brexit studies centre, said the plan for a \u201cfree port\u201d in the town was \u201cpie in the sky thinking\u201d.\u00a0But others were more positive. \u201cAs Britain charts a course for Brexit, the government should give our ports the freedom to recapture their proud history as the engines of our economy,\u201d Rishi Sunak, Conservative MP for Richmond (Yorkshire), said at the time.<\/p>\n<p>A free port, or free trade zone, is an area geographically within a country\u2019s boundaries, but designated outside of its customs area. In theory, a free port allows manufacturing and value added processing to take place on goods before customs are imposed.<\/p>\n<p>Once home to the largest fishing fleet in the world, Grimsby\u2019s fishing industry has since dwindled, and in 2016 it voted 70 per cent in favour of leaving the European Union.<\/p>\n<p>What remains of the maritime trade in this northern backwater is a fish processing industry that employs more than 5,000 people \u2013 nationwide the processing industry is worth some \u00a36 billion (Dh30.9bn). Fish caught, largely by foreign vessels, is bought through the port and developed into fish products for sale across the UK, some of it is even re-exported. Grimsby mobile fishmongers are known across the country, while the town\u2019s Sealord factory produces 80,000 fish fingers for Britain every day. The transition from a fish catching to fish processing industry has been something of a success, but now it is under threat from the same \u201cBrexit Grimbrarians\u201d who continue to embrace the EU divorce so enthusiastically.<\/p>\n<p>Given the adamantly Eurosceptic stance of Grimsby, many were angry when business leaders from the fish trade called on the government to consider free trade exemptions for fish imports coming through the docks. Some accused Grimsby of wanting to \u201chave its fish-cake and eat it too\u201d.<\/p>\n<p>Speaking in parliament, Simon Dwyer, a spokesman for Seafood Grimsby &amp; Humber, a cluster group for the industry in the region, said: \u201cIt would mean those ports having the privilege of not putting import taxes or duties on seafood.\u201d\u00a0Conservative MP Martin Vickers labelled it a sign of post-Brexit optimism. \u201cWe couldn\u2019t do that if we wanted to at the moment,\u201d said the Eurosceptic Tory.\u00a0\u201cBut once we get control of our own economy again, that is one of the things that could be looked at and which could be very beneficial.\u00a0\u201cThat emphasises the freedoms and opportunities that could be opening up after Brexit.\u201d<\/p>\n<p>Yet as local industries and national government scramble to make the most of post-Brexit opportunities for free trade, or brace for damage limitation, depending on who you ask, everything is up for consideration.\u00a0A paper authored by Mr Sunak, and published\u00a0last year by the Centre for Policy Studies, noted that \u201cgoods can be imported, manufactured or re-exported inside the free trade zone without incurring domestic customs duties or taxes\u201d. Free ports, it claimed, could bring as many as 86,000 jobs to the UK\u2019s economy.<\/p>\n<p>Although there are no free trade zones in the UK, they have been credited with adrenalising economic growth in a number of other countries. One of the largest in the world is Dubai\u2019s Jebel Ali Port which, despite the UAE\u2019s relatively small import market, has grown to now employ more than 135,000 people. Companies from across the world carry out manufacturing and value-added processing in the zone, before re-exporting their goods.<\/p>\n<p>Mr Sunak\u2019s paper suggested that the economic benefits would be disproportionately felt by some of the poorest in Britian \u2013 17 of the country\u2019s ports are in the UK\u2019s lower quartile. Free ports would focus economic growth on these areas, Mr Sunak\u2019s report claimed they could help \u201cre-balance the economy\u201d.\u00a0Duty exemption in the ports, it is claimed, would attract business involved in the processing of raw goods into finished goods, perhaps even with the intention of eventual re-export.<\/p>\n<p>But there is evidence that despite a significant import market, the potential for free ports in the UK is limited. The Office for National Statistics noted in early 2017 that \u201cthe import of finished manufactures accounted for 53 per cent of imports in the three months to February 2017, and increased by 1.3 per cent between the three months to November 2016 and the three months to February 2017\u201d. That is to say, less than half of the goods imported into the UK are intermediate or raw goods that require further processing and thus might benefit from free trade zones, ports or otherwise.<\/p>\n<p>While acknowledging that free ports do have their use, Richard Ballatyne of the British Port Association is sceptical. \u201cThe free ports concept itself, where it\u2019s relevant definitely, there\u2019s people interested, but for the majority of our EU freight, it\u2019s a solution for a different challenge\u201d, he tells\u00a0<em>The National<\/em>.<\/p>\n<p>\u201cIt\u2019s not the solution for Brexit, a lot of our freight comes through what we call gateway ports, where the freight just comes through and goes straight out the gate. It\u2019s not being processed, or used for manufacturing or repackaged, so for those ports, all a free port would do would be to shift the customs barrier to the end of the port gate\u201d, he adds.\u00a0Furthermore, of the 17 ports in the lowest UK quartile, only one \u2013 Teesside in north-east England \u2013 has a significant manufacturing and processing industry that might reap the benefits of a free trade zone.<\/p>\n<p>Only last month, the Mayor of Teeside, Ben Houchen, launched a campaign for Secretary of State for Exiting the European Union David Davis promised to consider with the \u201cmost open mind possible\u201d.\u00a0Mr Houchen said: \u201cTeesside\u00a0powered the first industrial revolution and it has aspirations to do it again.\u201d<\/p>\n<p>Some opponents of the proposal claim free ports are incompatible with being part of the European Customs Union, but others point to numerous free trade zones already operating across the EU, such as the Shannon Free Trade Zone in Ireland and Barcelona\u2019s Zona Franca.\u00a0Free ports may bring post-Brexit opportunity for some of the UK\u2019s ports, including Grimsby docks, and as a concept, they do appear in line with the outward looking UK promised in the Brexit campaign, but they are not the panacea some Brexitees suggest.<\/p>\n<p><a href=\"https:\/\/www.thenational.ae\/business\/will-free-trade-zones-boost-uk-s-economy-post-brexit-1.705928\">Leia mais<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><small> 5 minutos<\/small> Business leaders in Grimsby, in north east Lincolnshire, England, attracted derision late last year when they called for Grimsby docks to be designated a free trade zone. Professor Alex De Ruyter of Birmingham City Business School, the founder of the country\u2019s first Brexit studies centre, said the plan for a \u201cfree port\u201d in the town was \u201cpie in the sky thinking\u201d.\u00a0But others were more positive. \u201cAs Britain charts a course for Brexit, the government should give our ports the freedom to recapture <a href=\"https:\/\/www.abrazpe.org.br\/index.php\/2018\/02\/20\/will-free-trade-zones-boost-uks-economy-post-brexit\/\" class=\"more-link\"><span>Continue lendo<\/span>\u2192<\/a><\/p>\n","protected":false},"author":4,"featured_media":1280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["entry","author-adm_hb2018","post-1279","post","type-post","status-publish","format-standard","has-post-thumbnail","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/1279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/comments?post=1279"}],"version-history":[{"count":1,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/1279\/revisions"}],"predecessor-version":[{"id":1281,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/1279\/revisions\/1281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media\/1280"}],"wp:attachment":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media?parent=1279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/categories?post=1279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/tags?post=1279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}