The first consignment of Ghanaian shipments to the UK to encounter post-Brexit tariffs docked at Portsmouth last night, including 185 tons of bananas.
Because Britain and the European Union reached a trade deal so close to the divorce transition deadline of Dec. 31, some other “continuity” deals — those intended to roll over the terms of trade the UK enjoyed as a member of the EU — still hang in the balance. Agreements with Albania, Algeria and Serbia are also outstanding.
Ian Mitchell, senior policy fellow at the Center for Global Development, said that while London managed to roll over most of its trade deals, ministers “underestimated the complexities in Ghana.”
Ghana’s Minister of Trade & Industry, Alan Kyerematen, and the UK Secretary of State for International Trade Liz Truss have met via video conference, releasing the following statement:
“Today we are pleased to announce that we have reached a 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. We intend over the next few weeks to finalise the text of the Agreement to reflect progress made in relation to rules of origin, cumulation arrangements, time bound commitments, provisions for development cooperation and commitments to human rights and good governance.”
“We re-affirm our shared ambition to further strengthen our partnership in the future and to work with the West African partners to make progress towards a regional agreement.”