UK Eases Trade Rules for Africa in Bid to Reset Ties and Boost Growth

The UK has unveiled reforms to its Developing Countries Trading Scheme, simplifying trade with Africa by removing complex “rules of origin” requirements. This means businesses in countries like Nigeria no longer need to prove their goods do not include components from non-eligible nations, making exports to the UK easier and cheaper. According to UK government officials, the move will boost African economies, make it easier for UK companies to invest in African businesses, and lower costs for British consumers. Officials also claim that the decision aligns with Britain’s broader strategy to reset its relationship with Africa from a donor-recipient dynamic to one of equal trade partners. While experts welcome the changes, they warn that without better communication and support for African exporters, the impact may be limited. Nevertheless, the UK hopes this liberal approach sets it apart in a changing global trade environment.

African Business