The united kingdom has reiterated that 99% of Nigerian exports will continue to enjoy duty-free access under its developing countries trading scheme (DCTS), the British high commissioner to Nigeria, Richard Montgomery, has said. The high commissioner said during the week that Britain’s commitment to UK-Nigeria economic growth remains strong, stating that Nigerian exporters can continue to benefit from the UK’s developing countries trading scheme which offers 99% duty-free access on goods.
The scheme, according to the high commissioner, is designed to boost trade with developing countries in order to support their development, adding that it cuts tariffs, removes conditions and simplifies trading rules for 65 developing countries, including Nigeria.
The DCTS was introduced by the Uk Government in 2023 to replace the generalized scheme of preferences (GSP). The DCTS is a simpler and more generous preferential trading scheme which has been designed to boost trade with developing countries in order to support their development
