Discover and read the best of Twitter Threads about #freeports

Most recents (3)

Some ppl seem to think that the 'job creation' effect of #freeports works on the 'more=better' principle. It doesn't. Creating more of them won't create more jobs out of thin air.
This is not a solution. Investing to create 13 of them is just wasting money. /1
It seems like these ppl think that this will attract businesses and activity from all over the world. It won't. Some companies might take advantage IF it fits with their supply chains etc. But there would have to be benefits and with ND tariffs what are they? /2
Many companies that would find it beneficial are already set up for IPR and won't relocate. For others currently little incentives. Limited by demand, existing supply chains, shipping routs and lack of incentives. /3
Read 4 tweets
🕊AnotherTragedy🕊

At least 20 people died and 26 injured in an El Paso mall shooting.

Suspect is ID’d #MAGA #Radicalized

Shooter drove to the border town of EL Paso to kill immigrants. #HateCrime

All children have been permanently moved from Homestead detention center.
🕊Tragedy2🕊

Deutsche Bank Tech Issue Causes Six-Hour Email Outage in U.S.

Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230bn money laundering scandal.
🕊ElPaso3🕊

Danske has closed the Estonian branch, which was accused of laundering money for Ukrainian arms traders in NoK & Iran

In Dec 2009, Thai police 
intercepted a flight en route from NK to Iran loaded with 40 tonnes of weaponry, including anti-aircraft rockets.
Read 46 tweets
I wouldn't even say that's the main problem. Have them. Why not? All #customs simplifications are good. We have I/O processing, warehouses, end use etc. Free ports could be useful for a very limited number of companies that happen to be located in the right place /1
Building them, putting the right processes and controls, hiring staff and ensuring compliance will be a big investment that may or may or may not be worth it in the long run /2
But for me the main problem is that if he's mentioning #Freeports on day 1 the chances are he doesn't really understand what they do. Seems he's been advised it's an opportunity that somehow relates to #Brexit /3
Read 4 tweets

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