皇冠体育app United Kingdom and C么te d鈥橧voire sign Economic Partnership Agreement
An agreement has been signed between the United Kingdom and the C么te d鈥橧voire to secure our trade arrangements.
Today, the United Kingdom and C么te d鈥橧voire signed an Economic Partnership Agreement (EPA), maintaining existing trade arrangements.
Minister for International Trade, Ranil Jayawardena MP signed the agreement with Her Excellency Sara Affou茅 Amani, Ambassador of C么te d鈥橧voire to the United Kingdom, in London.
皇冠体育app agreement allows businesses to trade as freely as they do now, without any additional barriers or tariffs - and provides a firm foundation from which both sides can further deepen our trading relationship and pursue common interests.
Total UK trade with C么te d鈥橧voire was 拢401 million in 2019. Top imports to UK from C么te d鈥橧voire were in cocoa beans and cocoa preparations (拢192 million), and edible fruit and nuts, mostly bananas (拢22 million). 皇冠体育app UK market accounts for 23% of total exports of cocoa butter from C么te d鈥橧voire, as well as 6% of bananas.
Minister for International Trade, Ranil Jayawardena said:
鈥溁使谔逵齛pp preferential trading terms, secured by this agreement are part of HM Government鈥檚 commitment to supporting developing countries by reducing poverty through trade. Through providing tariff free market access to Britain, this agreement supports jobs and economic development in C么te d鈥橧voire. It will underpin trade in processed cocoa and bananas, supporting the livelihoods of Ivorians working in these sectors and guaranteeing access for British consumers.鈥�
Background
- Statistics sources: ONS UK total trade: all countries, non-seasonally adjusted January to March 2020; HMRC Overseas Trade Statistics August 2020; UN COMTRADE (extracted October 2020).
- 皇冠体育app agreement covers trade in goods, including provisions on rules of origin, and preferential tariffs and quotas.
- 皇冠体育app agreement will now be subject to the domestic parliamentary procedures in both the UK and C么te d鈥橧voire.
- 皇冠体育app agreement is designed to take effect at the end of the transition period.
- 皇冠体育app UK has now signed or agreed in principle trade agreements with 51 countries. This includes the UK-Japan Comprehensive Economic Partnership Agreement which was agreed in principle on 11 September 2020. Total UK trade with these countries was worth 拢144 billion in 2019.