The article was first published in the Tropical Timber Market Report
Ghana and the United Kingdom have reached a consensus on the main elements of a trade agreement, following Brexit, timber trade in Africa.
According to an announcement released by the UK Department of International Trade, Alan Kyerematen, Ghana’s Minister of Trade and Industry and Liz Truss MP, UK Secretary of State for International Trade announced that the two countries have reached consensus on the main elements of a new trade agreement.
“This provides the basis to replicate, the effects of the existing trade relationship between the UK and Ghana – a relationship which is underpinned by our strong people to people connections and has driven economic growth, created jobs and inspired creativity and innovation in both our countries. The intention is for the agreement to provide duty free and quota free access for Ghana and the same preferential tariff reductions for British exporters as provided by the arrangement that is currently in force,” the announcement stated.
Ghana and the UK have agreed on a new trade agreement. Image credit: Pixabay
