Freeports: Customs
(asked on 25th October 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, which elements of freeport customs benefits might trigger the application of the OECD Code of Conduct for Clean Free Trade Zones and for what reason in UK freeports and freeport-based businesses.
This question was answered on 28th October 2021
As part of the Freeport customs model, customs site operators are required to have Authorised Economic Operator (Safety and Security) (AEO(S)) (a well-recognised international standard) or equivalent authorisation. Freeport businesses must also be authorised by HMRC before being permitted to operate and benefit from the customs facilitations. These authorisations support our robust commitment to the OECD Code of Conduct for Clean Free Trade Zones and ensure Freeports play their role in combating illicit trade, attract reputable businesses and protect consumers.
As part of the Freeport customs model, customs site operators are required to have Authorised Economic Operator (Safety and Security) (AEO(S)) (a well-recognised international standard) or equivalent authorisation. Freeport businesses must also be authorised by HMRC before being permitted to operate and benefit from the customs facilitations. These authorisations support our robust commitment to the OECD Code of Conduct for Clean Free Trade Zones and ensure Freeports play their role in combating illicit trade, attract reputable businesses and protect consumers.