UK makes important decision on taxes on imports from Africa

UK makes important decision on taxes on imports from Africa

Authorities in UK launched a scheme to cut taxes on hundreds of products from some of the world’s poorest countries to try to boost trade links, the BBC reported.

The preferential terms, which come into effect early next year, will affect products ranging from food to textiles.

Under the Developing Countries Trading Scheme, 99% of goods imported from Africa will be duty free, the report said.

Ministers say the scheme helps to fulfil the post-Brexit pledge to take back control of the country’s trade policy while also reducing dependence on aid.

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