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Postponed: Freeports in the UK: Securing the Benefits, Preventing Crime
The consultation paper envisions freeports as ‘humming hubs of high-quality manufacturing’ and ‘titans of transhipment’, which will stimulate trade, investment and job creation. This will be achieved by exempting goods in freeports from otherwise applicable customs duties as well as, in all likelihood, providing tax and planning incentives.
Yet the experience of other countries shows that, for all their economic advantages, freeports also have a darker side to them, namely the potential for illicit trade and money laundering to flourish in an environment where customs controls are relaxed. So, how can the UK reap the benefits of new freeports while mitigating criminal risks, and are the fears of a lightly regulated ‘Singapore-on-Thames’ off the coast of Europe unfounded?
Clay Fuller, Principal at Fuller Solutions LLC and adjunct professor of political science at Western Carolina University
Irene Mia, Global Editorial Director at the Economist Intelligence Unit
Other speakers to be confirmed.
The event will take place at 1700-1830 on Monday 27th April at RUSI, 61 Whitehall.