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
Boko Haram Terrorists Ambush Vigilantes in Borno, One Killed
By: Zagazola Makama
Suspected Boko Haram terrorists have ambushed members of a vigilante group on routine patrol along the Warave–Gwoza Road in Gwoza Local Government Area of Borno State, killing one member.
Sources said the attack occurred at about 7:30 a.m. on Tuesday when the gunmen opened fire on members of the Civilian Joint Task Force (CJTF) and local hunters conducting patrol in the area.
A member of the CJTF in Warave, Bello Adamu, 50, sustained fatal injuries during the ambush. He was evacuated to the General Hospital in Gwoza, where he was certified dead on arrival. His remains were later released to his family for burial in accordance with Islamic rites.
Troops of Operation HADIN KAI were deployed to the scene following the incident, while monitoring and patrols have been intensified along the axis to prevent further attacks.
Boko Haram Terrorists Ambush Vigilantes in Borno, One Killed
Troops Neutralise Four Terrorists in Offensive Operation in Borno
By: Zagazola Makama
Troops of Sector 1, Operation HADIN KAI in conjunction with members of the Civilian Joint Task Force (CJTF), have neutralised Four suspected Boko Haram terrorists during an offensive operation in Shehuri area of Konduga Local Government Area of Borno State.
Sources told Zagazola that the operation, conducted at about 9:15 a.m. on Feb. 25 under Operation Desert Sanity IV, led to the interception and engagement of the terrorists.
Following the encounter, troops carried out exploitation of the area, during which four insurgents were neutralised.
Items recovered from the scene included AKSM automatic rifle and pump-action rifle with cartridges and magazines.
Sources added that troops’ morale and fighting efficiency remain high as clearance operations continue across parts of the state.
Troops Neutralise Four Terrorists in Offensive Operation in Borno
Lakurawa Terrorists on revenge Mission Kill Four Worshippers in Kebbi Mosque, Five Injured
By: Zagazola Makama
Suspected Lakurawa terrorists on a revenge mission have attacked Dadinkowa village in Maiyama Local Government Area of Kebbi State, killing four worshippers and injuring five others after storming a mosque.
Sources said the attackers invaded the community and opened fire on worshippers, leaving four persons dead and five others with varying degrees of injuries. The injured victims were rushed to a medical facility for treatment.
The latest attack is believed to be a reprisal following a failed ambush on the convoy of the General Officer Commanding (GOC) 8 Division, Maj.-Gen. Bemgha Koughna, during an operational tour in the state.
On Wednesday, troops of Operation Fansan Yamma reportedly foiled the ambush near Mayama Hill, neutralising five suspected terrorists. Weapons and other items recovered during the operation included one OJC gun, one PKT gun, two AK-47 rifles, four AK-47 magazines, a bandolier of PKT ammunition, several rounds of 12.7mm ammunition, a camel bag containing N840,000, two mobile phones and five motorcycles.
Security sources said the terrorists were suspected to have launched the mosque attack in retaliation for the heavy losses recorded during the failed ambush.
Operation FANSAN YANMA have assured that efforts were ongoing to track down those responsible for the latest assault.
Lakurawa Terrorists on revenge Mission Kill Four Worshippers in Kebbi Mosque, Five Injured
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