Britain is accelerating its post-Brexit plans to develop freeports to boost trad...
WASHINGTON - Britain is accelerating its post-Brexit plans to develop freeports to boost trade, Trade Secretary Liz Truss said on Thursday after meeting with U.S. Secretary of Commerce Wilbur Ross to discuss similar U.S. projects and a U.S-UK trade deal.
The British government announced plans earlier this month to create up to 10 freeports to boost trade and manufacturing by cutting costs and bureaucracy after it leaves the European Union on Oct. 31. Truss met with U.S. Trade Representative Robert Lighthizer earlier this week, and with various British businesses such as car maker Jaguar Land Rover Plc, part of Tata Motors Ltd, and telecoms firm BT Group Plc.
The Newark port is part of the Port Authority of New York and New Jersey, which is the third largest port in the United States and the busiest on the U.S. Eastern seaboard.
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