UK Grants Duty-Free, Low-Tariff Access to Over 3,000 Nigerian Products

 

UK Grants Duty-Free, Low-Tariff Access to Over 3,000 Nigerian Products

The United Kingdom has opened its market to over 3,000 Nigerian products, including cocoa and cashew, allowing them to enter duty-free or at reduced tariffs under the UK’s Developing Countries Trading Scheme (DCTS).

Mark Smithson, Country Director for the UK Department for Business and Trade, made the announcement in a video released by the UK in Nigeria. He described the DCTS as one of the most generous trade schemes globally, offering easier and cheaper access for Nigerian exports.

“Up to 3,000 products from Nigeria qualify for low or zero tariffs. This includes goods like cocoa and textiles,” Smithson said, adding that the UK has simplified the export process to encourage trade.

He urged Nigerian businesses to seize the opportunity and explore the scheme further. “The UK is open for business with Nigeria. Visit the DCTS website and start trading with us,” he advised.

The DCTS, launched in 2023, replaced the UK’s Generalised Scheme of Preferences and aims to boost trade with over 60 developing countries by reducing trade barriers and streamlining import procedures.

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