UK shippers could miss out on freeport tariff benefits due to trade deal 'error'

Liz Truss

dreamstime_s_201830221

By Alex Whiteman, Brexit reporter

10/05/2021

UK port associations are seeking clarification over claims that domestic shippers could miss out on the benefits of the recently announced freeport developments due to small print in post-Brexit trade deals.

News broke this morning that secretary of state for international trade Liz Truss reportedly signed 23 ’rollover deals’ with countries including Canada, Norway and Singapore containing clauses which could stop manufacturers benefiting from freeport tax breaks.

In a letter to Ms Truss, shadow secretary of state Emily Thornberry expressed “deep concern” that ...

Comment on this article

You must be logged in to post a comment.

Topics

Free trade now! Freeports Rebuilding the UK

Most read news

Maersk u-turn as port congestion increases across Northern Europe

Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'

Keep our news independent, by supporting The Loadstar

Container spot rates diverge: to Europe still falling, but firmer to the US

Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded

Ecommerce likely the front-runner in resurge of transpacific trade after deal

Containership charter market feels the ripples from trade tensions

Airfreight players eye new routes as demand on the transpacific nosedives

Changing shipment origin won't wash: US CBP turns away whole truckloads

Expeditors reports healthy growth in a 'frenzied landscape of tariffs'

Service chaos from trade ban with India a problem for Pakistan shippers

Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high

Indian coastal freight attracts major carriers, but regional tension disrupts

Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'

China-US trade tariff pause could drive a rebound for transpacific rates

US trucking in a 'decline of unprecedented length'