Connect with us

News

UK Introduces New Trading Rules for Developing Countries

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

Published

on

One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

By: Zagazola Makama

Gunmen suspected to be Fulani bandits have killed one person and injured three others in an attack on Shonong community in Bachi District, Riyom Local Government Area of Plateau State, in a sustained reprisal attack linked to an earlier livestock-related incident.

Security sources said the attack occurred at about 8:40 p.m. on April 19 when the armed men invaded the community and opened fire on residents.

The sources said the assault was believed to be in retaliation over the killing of nine livestock in the area, an incident that had heightened tensions between farming and herding communities in the locality.

Troops of Operation Enduring Peace (OPEP) deployed in the area reportedly came under fire while responding to the attack and engaged the assailants in a gun duel, forcing them to withdraw after a heavy exchange of fire.

Reinforcement teams were later deployed and moved into the community to stabilise the situation and restore order.

According to the sources, the attackers killed a woman identified as Mrs Fibi Solomon, while three others — Mr Solomon, Master Jacob Solomon and Miss Jacobeth Solomon — sustained gunshot wounds.

The injured victims were evacuated to the General Hospital in Riyom for treatment, alongside the remains of the deceased.

Troops also rescued 12 civilians comprising three men, six women and three children, who were relocated to nearby Fang village for safety.

Security sources added that troops had intensified pursuit operations to track down the fleeing attackers, while the general area remained calm but tense.

One killed, three injured as gunmen attack Plateau community in reprisal over livestock incident

Continue Reading

News

Yobe: Baba Malam Wali paid condolences to Senator Mustapha

Published

on

Yobe: Baba Malam Wali paid condolences to Senator Mustapha

By: Yahqya Wakili

The immediate past secretary to the Yobe State Government, Alhaji Baba Malam Wali mni, today paid a condolence visit to Senator Musa Mustapha, senator representing Yobe East in the National Assembly, following the death of his mother-in-law, the late Hajiya Fatima Mustapha Jibrin.

This was contained in a statement issued and signed by his press secretary, Alhaji Shuaibu Abdullahi, made available to newsmen in Damaturu, the state capital.

During the visit, the former secretary to the state government, Baba Malam Wali mni, offered prayers for the peaceful repose of the deceased’s soul.

He urged the bereaved family to bear the irreparable loss with fortitude, noting that death is inevitable and a path that every mortal must take.

Hajiya Fatima Mustapha Jibrin passed away yesterday, Thursday, 16th April 2026, in Damaturu, the Yobe state capital. She was buried the same day in accordance with Islamic injunction.

Baba Malam Wali further prayed to Almighty Allah SWT to forgive the shortcomings of the late Hajiya Fatima, have mercy on her, and grant her Al-Jannatul Fiddausi as her final abode.

Yobe: Baba Malam Wali paid condolences to Senator Mustapha

Continue Reading

News

Troops Foil ISWAP Attack Attempt in Guzamala

Published

on

Troops Foil ISWAP Attack Attempt in Guzamala

By: Zagazola Makama

Troops of Sector 3 Area of Responsibility have foiled an attempted attack by suspected ISWAP/JAS terrorists on Forward Operating Base (FOB) Mairari in Guzamala Local Government Area of Borno State.

Sources said the incident occurred at about 1329hrs on April 19, when the terrorists attempted to infiltrate the base through Charlie/Delta Company axis.

The attackers, operating with two gun trucks, were sighted advancing toward the entrance gate of Mairari town along the Gajiram axis.

Troops immediately engaged the advancing terrorists, forcing them to abandon their mission and retreat.

Following the encounter, troops dominated the general area with patrols, while air support was also deployed and hovered over the vicinity. However, no further terrorist presence was observed after the exchange.

Security sources said exploitation and clearance operations are ongoing to prevent regrouping and to secure surrounding communities.

Troops Foil ISWAP Attack Attempt in Guzamala

Continue Reading

Trending

Verified by MonsterInsights