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Britain presents new scheme for post-Brexit trade


June, 19 2023
watermark Economic news

The UK has introduced a new scheme for trade with developing countries after Brexit, which will allow British businesses to save 770 million pounds a year by reducing or eliminating import duties.


This was reported by the British government: «This scheme will allow British businesses to save more than 770 million pounds a year by reducing or eliminating duties on imports worth more than nine billion pounds.»


This expands the choice for British consumers and potentially reduces the prices of a wide range of goods, such as clothing, food and children's toys.


It is noted that the new UK trade scheme applies to relations with 65 countries. According to the authorities, this scheme should benefit developing countries that seek to diversify and increase their exports.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.