UKMPG launches plan to boost trade
A new plan to boost trade, investment and jobs in the ports sector has been launched by UKMPG, the trade association representing the largest commercial ports in the UK.
The plan has two key aims: to build on the contribution major ports already make to the UK economy - 95% of the UK’s physical trade arrives or departs by sea with 75% of all seaborne trade handled by UKMPG members – and drive prosperity and opportunity. According to UKMPG, major ports invest more than half a billion pounds in the UK every year.
The five-point plan calls for policies that will:
• Ensure the UK has a major ports sector than can continue to thrive in a changing world
• Promote connectivity that boosts trade, productivity and sustainability
• Create a positive planning and development framework to boost investment and jobs
• Deliver a balanced environmental approach that delivers both sustainability and growth
• Makes sure the UK is well placed as a location to develop the ports of the future
Charles Hammond, UKMPG Chair and Chief Executive of Forth Ports, commented: "This is the time for ports. The current focus on Brexit and the UK’s trade with the world has shone a light on ports and their importance to the UK. And it’s not just the current context. The ports sector is on the cusp of major technological change to radically transform the business models of major ports and many of our customers and supply chain partners. So, it’s never been a more important or exciting time to be in the ports sector.
"The members of UKMPG are ambitious to invest more in the UK and grow the £7.6bn of value we directly contribute to the UK as well as the vital enabling role facilitating trade we provide for the rest of the economy. That’s best achieved by industry and government working together and today’s five-point plan identifies the key areas where that needs to happen."
UKMPG has nine members who, between them, own and operate more than 40 ports. Current members include Associated British Ports, Belfast Harbour Commissioners, the Bristol Port Company, DP World London Gateway, Forth Ports, Hutchison Ports UK, PD Ports, Peel Ports and the Port of London Authority.
Posted on: November 22nd 2018