A preferential trade scheme where the United Kingdom will extend tariff cuts on hundreds of export items from a number of developing countries, including Rwanda, has been launched. Dubbed the Developing Countries Trading Scheme (DCTS), the deal was first announced in June during the Commonwealth Heads of Government Meeting (CHOGM) that took place in Rwanda, but it was only launched on Monday, August 15.
A wide range of products, including olive oil and tomatoes, will benefit from lower or zero tariffs, according to a statement from the UK government. “This is on top of the thousands of products which developing countries can already export to the UK duty-free [and will mean 99% of goods imported from Africa, for example, will enter the UK duty-free],” the statement read.
Source: newtimes.co.rw