LONDON, 4 March, 2021 (TON): On Wednesday, Britain signs a trade deal with Ghana, the latest bilateral agreement since it left the EU.
Duty-free and quota-free access for Ghana to the UK market and preferential tariff reductions for UK exporters to the Ghanaian market comes under the pact according to a statement on the UK government website.
“The Agreement will enter into effect following the completion of relevant internal procedures required in both Ghana and the UK,” both governments said in the statement.
It means Ghanian products such as bananas, tinned tuna, and cocoa can be traded to Britain without tariffs.
Before leaving Brexit, the U.K. laid economic partnerships with around 16 African countries so that it may continue to have the deals.
The EU deals with Africa also involved that African countries do not pay tariffs or duties on exports to the UK, however, Ghana was never included.
The UK also signed a trade deal with Egypt in December last year.
The UK wants to trade big with Africa and sees the continent's potential, as it is seemingly said that Ghana’s largest exports to Britain include mineral fuels and oil, preparations of fish, fruit, cocoa, and cocoa preparations.
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