News
UK Introduces New Trading Rules for Developing Countries
UK Introduces New Trading Rules for Developing Countries
By Michael Mike
The United Kingdom (UK) said it has radically simplified trading rules and cut tariffs on products from developing countries, saving businesses and consumers millions of pounds a year.
A statement on signed by the
Senior Press & Public Affairs Officer | Comms Lead, Prosperity and Economic Development, Ndidiamaka Eze said the
UK’s new post-Brexit Developing Countries Trading Scheme (DCTS) scheme has entered into force on Monday and that it covers 65 countries, including Nigeria.
The statement said the scheme removes or reduces tariffs and simplifies trading rules so that more products qualify for the scheme, making it more generous than the EU scheme the UK was previously a member of.
Eze, in the statement, said: “The scheme will benefit developing countries looking to diversify and increase exports, driving their prosperity and creating jobs. Over time, were developing countries to increase trade with the UK under the scheme, businesses could save millions more on import costs.
“In Nigeria, over 99% of goods exported from the country will automatically be eligible for duty-free access to the UK. Nigeria will receive enhanced preferential
access for almost 3,000 products. E.g. 4.5% removed on cocoa paste, 26.5% removed on fruit juices, & 14% removed on prepared tomatoes.”
Eze disclosed that the UK’s Minister for International Trade Nigel Huddleston launched the scheme while on a visit to Ethiopia’s largest industrial business park, Bole Lemi.
Speaking at the park, Minister Huddleston, was quoted to have said:
“This DCTS scheme is a brilliant example of the UK taking advantage of its status as an independent trading nation and I am excited to see it implemented
today.
“It will create opportunities for businesses around the world, supporting livelihoods, creating jobs and diversifying local and international supply chains. It will also benefit UK businesses and consumers by lowering import costs on a whole range of products.”
The Foreign, Commonwealth and Development Office’s Minister for Development and Africa, Andrew Mitchell, was also quoted to have said that: “The UK’s new trading scheme for 65 developing countries, DCTS, shows how we can use trade to deliver development.
“It will benefit traders around the world, including women-owned businesses, which we are supporting through the UK Trade Partnership programme.”
The scheme is to benefit businesses all over the world and British companies that trade with these countries in everyday products such as bicycles and camping
gear.
Speaking on the launch, UK Deputy British High Commissioner in Lagos, Ben Llewellyn-Jones said:“Nigeria is one of the UK’s most important partners in Africa and the UK Government is committed to working with Nigerian businesses and exporters to boost trade between our two great nations. The UK’s Developing Countries Trading Scheme harnesses the power of trade to help Nigeria and other emerging economies grow and prosper.
“One major benefit of this new UK trading scheme is that it abolishes tariffs on over 3000 everyday products that Nigeria currently exports including cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimps and sesame. The overarching aim of the new scheme is to grow trade with developing countries, boosting the economy and supporting jobs in those countries, as well as in ours.”
UK Introduces New Trading Rules for Developing Countries
News
Operative dies in accidental discharge in Niger
Operative dies in accidental discharge in Niger
By: Zagazola Makama
An operative attached to a security unit in Niger State has died following an accidental discharge of a rifle at his duty post in Shiroro Local Government Area.
Sources said the incident occurred at about 10:00 p.m. on Feb. 16 when the operative, identified as Abubakar Iliya, 35, who was attached to a special hunters unit stationed at Galadiman-Kogo, reportedly fell from a sentry post.
During the fall, his cocked rifle disengaged and discharged, striking him in the abdomen and causing fatal injuries.
His remains were later evacuated by his unit for burial in accordance with customary rites.
Operative dies in accidental discharge in Niger
News
Boat mishap leaves passengers missing in Niger
Boat mishap leaves passengers missing in Niger
By: Zagazola Makama
A canoe conveying seven passengers capsized while in transit between Jata and Kami Village in Shiroro Local Government Area of Niger State, leaving several persons missing.
Sources said the incident occurred at about 7:00 p.m. on Feb. 16 when the canoe, carrying six females and one male passenger, overturned during the journey.
The passengers were identified as Mustapher Yakubu; Sahura Yakubu and her child; Zarifa Yakubu; Mommy Yakubu; Lizatu Yakubu; Zaratu Yusuf; and Sumaiya Ibrahim, all from Jata/Bmagara via Kami Village.
Rescue teams, including police and local divers, were immediately mobilised to the scene. The boat driver and his conductor were rescued alive, while search efforts are ongoing to locate the remaining passengers.
Authorities said further updates would be provided as rescue operations continue.
Boat mishap leaves passengers missing in Niger
News
Armed bandits attack Konkoso Village, kill two in Niger
Armed bandits attack Konkoso Village, kill two in Niger
By: Zagazola Makama
Armed bandits have killed two people and razed homes during an attack on Konkoso Village in Niger State, security sources said.
According to sources, the incident occurred at about 9:30 a.m. on Feb. 17 when a large group of bandits invaded the village, shot two residents whose identities are yet to be confirmed, and set several houses on fire.
The attackers also looted shops and carted away food items before leaving Konkoso Village and moving toward Pissa Village in Pissa District.
Authorities said efforts are ongoing to track the bandits and apprehend those responsible for the attack.
Armed bandits attack Konkoso Village, kill two in Niger
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