The UK has opened its market to over 3,000 Nigerian products, allowing them to enter duty-free or at reduced tariffs under the UK’s Developing Countries Trading Scheme (DCTS).
The Director for the UK Department for Business & 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 & cheaper access for Nigerian exports.
“Up to 3,000 products from Nigeria qualify for low or zero tariffs. This includes goods like cocoa & textiles,” Smithson said, adding that the UK has simplified the export process to encourage trade. He urged Nigerian businesses to seize the opportunity & explore the scheme further. “The UK is open for business with Nigeria.
Visit the DCTS website & start trading with us,” he advised. The DCTS, launched in 2023, replaced the UK’s Generalised Scheme of Preferences & aims to boost trade with over 60 developing countries by reducing trade barriers & streamlining import procedures.
The Director for the UK Department for Business & 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 & cheaper access for Nigerian exports.
“Up to 3,000 products from Nigeria qualify for low or zero tariffs. This includes goods like cocoa & textiles,” Smithson said, adding that the UK has simplified the export process to encourage trade. He urged Nigerian businesses to seize the opportunity & explore the scheme further. “The UK is open for business with Nigeria.
Visit the DCTS website & start trading with us,” he advised. The DCTS, launched in 2023, replaced the UK’s Generalised Scheme of Preferences & aims to boost trade with over 60 developing countries by reducing trade barriers & streamlining import procedures.
The UK has opened its market to over 3,000 Nigerian products, allowing them to enter duty-free or at reduced tariffs under the UK’s Developing Countries Trading Scheme (DCTS).
The Director for the UK Department for Business & 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 & cheaper access for Nigerian exports.
“Up to 3,000 products from Nigeria qualify for low or zero tariffs. This includes goods like cocoa & textiles,” Smithson said, adding that the UK has simplified the export process to encourage trade. He urged Nigerian businesses to seize the opportunity & explore the scheme further. “The UK is open for business with Nigeria.
Visit the DCTS website & start trading with us,” he advised. The DCTS, launched in 2023, replaced the UK’s Generalised Scheme of Preferences & aims to boost trade with over 60 developing countries by reducing trade barriers & streamlining import procedures.
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