Originally Posted by
Grumpy1
"What is the disadvantage to a freeport?" Summarised in numerous reports such as the findings of the Goverments Office of Budget Responsibility which concluded that they offered no benefit. It is a matter of fact that PD Ports Teesport are not in the freeport zone despite being surrounded by it. Why do you think they didnt want to be included? The last time we tried freeports we had the benefit of EU membership but they didnt work so were ended in 2012.
So not a disadvantage though just an argument that it provides no benefit. Which is only an argument. Which I can make, especially as from an import export point of view you can get the benefits if you are not in a freezone by applying for a number of authorisations.
PD don't need to be because they are a port and will already have all the benefits that feeport brings. The freeport is more there to benefit new businesses and especially manufacturers.
They were not as beneficial in 2012 simply because we were in the EU!