Two freeports have been named in Wales, joining eight sites in England and two in Scotland.
The former covers Port Talbot, in the county of Neath Port Talbot, and Milford Haven, in Pembrokeshire, and the latter Holyhead, on Anglesey.government says it is working with the Treasury to identify whether the freeport model can be adopted under itsThey are not a new idea. The UK set up seven freeports after 1984, including ones at Liverpool and Southampton, but these were phased out in 2012.
However, the UK government argued bringing them back could attract investment to areas that "need it most". Ministers said they will help with "levelling up" - the goal to close the gap between rich and poor areas that was a key Conservative pledge at the 2019 general election.has predictedIt says historical evidence suggests their "main effect" will be to move economic activity from one place to another.
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