The United Kingdom (UK) has confirmed that Nigeria will continue to enjoy duty-free access on 99% of total goods exported to the UK market under the Developing Countries Trading Scheme (DCTS).
The DCTS is part of the UK’s strategy to support growing economies like Nigeria by reducing tariffs on thousands of goods, simplifying export rules for Nigerian businesses and making it easier to qualify for trade benefits.
The scheme lowers import cost for UK businesses and offers consumers a wider range of affordable products.
Since its launch in June 2023, the Developing Countries Trading Scheme allows Nigeria and 36 other African countries to export over 3,000 products duty-free or at reduced tariffs to the UK, supporting Nigerian businesses to grow and become more competitive on the global stage.
Through the DCTS, Nigerian exporters can sell key goods like cocoa, yam, tomatoes, plantain, shrimp, and other agricultural products to the UK at reduced tariffs.
The scheme also supports processed and value-added products like cocoa paste and cocoa butter, sesame and palm oil, cashew nuts, cotton clothing, and cocoa paste, helping Nigeria move beyond raw materials exports.
