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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