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
Troops nutrialised several Boko Haram terrorists in Yobe
By: Zagazola Makama
Troops of the Nigerian Army have nutrialised several Boko Haram terrorists after it successfully repelled a terrorist ambush along the Longlari–Kanama road in Yunusari Local Government Area of Yobe State.
Security sources said the incident occurred at about 5:23 p.m. on March 14 when troops of the 159 Battalion Nigerian Army, B Company, stationed in Kanama, were returning from a routine patrol.
.According to the sources, the troops were ambushed by suspected terrorists along the Longlari–Kanama road near Mairari village.
The troops engaged the terrorists with heavy fire and neutralized several of them forcing many of them fo flee.
Following the encounter, the soldiers conducted exploitation of the general area to track the fleeing insurgents.
Troops nutrialised several Boko Haram terrorists in Yobe
Zulum Condemns Maiduguri Explosion, Calls for Calm, Vigilance in Worship, Public Places
Borno State Governor, Professor Babagana Umara Zulum, has condemned in the strongest terms the explosion that occurred in some parts of the metropolis on Monday evening.
Zulum, who is currently in Saudi Arabia for the Lesser Hajj, described the attack as despicable, cruel, and cowardly, targeting innocent people in the holy month of Ramadan.
In a statement, the Special Adviser to the Governor on Media, Dauda Iliya, called for increased vigilance and heightened security measures, particularly in places of worship, as the festive period beckons.
“I am deeply saddened by the explosions that occurred in parts of the metropolis on Monday evening.
My thoughts and prayers are with the families of the victims and those injured as a result of the blast. The act is utterly condemnable, barbaric, and inhumane,” said Zulum.
He added, “The recent surge in attacks is not unconnected with intense military operations in the Sambisa forest and other hideouts of the insurgents.
The Governor, therefore, assured people of the state that the military and other security agencies are on top of the situation, as adequate measures have been taken to forestall any security breach in Maiduguri and the entire state.
He called on residents to remain calm, go about their usual activities, and report any suspicious movement or activity to security agencies.
Zulum Condemns Maiduguri Explosion, Calls for Calm, Vigilance in Worship, Public Places
GOC 8 Division visits troops in Kebbi, urges vigilance in operations
By: Zagazola Makama
The General Officer Commanding (GOC) 8 Division Nigerian Army and Commander Sector 2 of Operation Fansan Yamma, Maj. Gen. PB Koughna, has conducted a familiarisation visit to troops deployed in parts of Kebbi State.
During the visit on March 15, the GOC inspected troops of CSI Battalion III at the Forward Operating Base Dirin Daji in Sakaba area of Zuru Local Government Area, as well as personnel of 223 Light Tank Battalion in the state.
The GOC was received by the Commanding Officers of the units, who briefed him on their operational activities and security situation within their areas of responsibility.
Addressing the troops, Maj. Gen. Koughna urged them to remain vigilant, committed and professional in the discharge of their duties.
He also held an operational meeting with the unit commanders, during which issues relating to ongoing operations and prevailing security challenges within their areas of responsibility were discussed.
The visit ended without incident.
GOC 8 Division visits troops in Kebbi, urges vigilance in operations
Troops nutrialised several Boko Haram terrorists in Yobe
Zulum Condemns Maiduguri Explosion, Calls for Calm, Vigilance in Worship, Public Places
GOC 8 Division visits troops in Kebbi, urges vigilance in operations
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