The United Kingdom introduced new reforms under its Trade for Development initiative, created to spur exports from developing countries, with a particular focus on Africa.

The reforms announced this week simplify rules under the UK?s Developing Countries Trading Scheme (DCTS), making it easier for countries like Nigeria to access the British market.

A major provision is the relaxation of rules of origin, allowing African exporters to source raw materials and inputs from across the continent and still qualify for duty-free access to the UK.

?This is good for their economies and for UK consumers and businesses,? said Jenny Chapman, the UK?s Minister for Development. ?Countries in the Global South want a different relationship with the UK, as a trading partner and investor, not just a donor.?

The UK said the new measures would make trade with Africa more flexible and cost-effective, supporting intra-African trade as well as exports to Britain.

Last year, over ?3.2 billion worth of African exports to the UK benefited from the country?s preferential trading arrangements, the country claimed.

Still, it is seeking to open up its services market, including digital, legal, and financial services, to developing countries, which will include offering technical support to help exporters meet UK standards and clear customs more easily.

Douglas Alexander, UK Minister for Trade Policy, said trade, not aid, remains the most reliable path out of poverty.

?No country has ever lifted itself out of poverty without trading with its neighbours,? he said.

The reforms form part of a broader UK trade strategy that prioritises partnerships with high-growth regions and builds on the momentum of the post-Brexit DCTS, which now covers 65 countries. (BusinessDay)

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