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UK launches freeports consultation with aim to open first next year

The government has launched a consultation on creating up to 10 freeports with special tariff and duty status – an idea ministers argue will fuel growth but critics say could encourage money laundering and other crimes.

UK launches freeports consultation with aim to open first next year
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UK launches freeports consultation

The government said it was firmly committed to announcing locations this year so that the first could open in 2021. The idea was first raised by Boris Johnson during his campaign to become Conservative leader.

Read more at KYC360.

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