On The Foreign News
The United Kingdom , UK, has planned to cut import taxes on many products from some of the world’s developing countries to boost trade links
This was made known by the Department For International Trade on Monday when it said the measure was part of a wider push by the UK to use trade to drive prosperity and help eradicate poverty as well as reduce dependency on aid.
According to a report, the scheme covers 65 developing countries and will affect around 99% of goods imported from Africa. The Uk has come under criticism severally for undervaluing trade with Africa.
It was also reported that the Developing Countries Trading Scheme takes off in January and builds on a scheme the UK was first part of while a member of the European Union.
