The UK officially leaves the EU on 31st January and has prioritised an independent trade policy—but how will it meet its commitment to improve access for the poorest countries?
CGD Policy Blogs
Prime Minister Theresa May's recent speech in Cape Town may herald an inspiring new Africa-UK development partnership—but only if she can put that vision into action. Ian Mitchell and Hannah Timmis offer lessons from China, France, and the EU.
The UK government has made a welcome commitment to improve trade access for poor countries after Brexit. The question in the White Paper is how to do that. Brexit offers the opportunity to replace the EU’s Economic Partnership Agreements with a simpler, broader and more generous regime that encourages developing countries to export more.
Britain just announced a new policy for trading with developing countries after Brexit. It maintains the current framework of duty free, quota free access to British markets for least developed countries. It is a good basis for the further steps we’d like to see Britain take.
The UK Government has today published a white paper on its broad approach to Brexit—what ’s missing though is a commitment to developing countries on the UK’s trade policy. Having emphasised trade at the heart of its economic strategy on international development, it now needs to commit to providing “duty free quota free” access for developing countries, or risk damaging investment and trade over the next two years and beyond.