UK agrees trade continuity agreement with Africa

Brexit | | MIC Customs Solutions |

The Southern African Customs Union and Mozambique have agreed to a post-Brexit deal with Britain.

The UK has agreed another trade continuity agreement to come into effect after Brexit, this time with the Southern African Customs Union and Mozambique (SACU+M).

Negotiations have come to an end and the Economic Partnership Agreement simply needs to pass final checks before it is formally signed.

The deal means businesses in Britain will be able to trade on preferential terms with South Africa, Botswana, Lesotho, Namibia, Eswatini and Mozambique, just as they would have done prior to the exit from the European Union.

It is hoped this will reduce any disruption after October 31st 2019, as well as further strengthen the trading relationship between the UK and SACU+M nations.

These countries have become an important market for British exports of machinery and mechanical appliances, motor vehicles and beverages including whisky, as well as for imports of fruit and nuts and cars.

The deal means businesses trading with Africa should enjoy more choice and lower prices on goods.

International trade secretary Liz Truss said: "This is a major milestone as the UK prepares to become an independent trading nation once again, and we are helping businesses get ready to trade with the most exciting markets around the world."

Other nations Britain has already agreed continuity deals with include Chile, Switzerland and South Korea. It also has mutual recognition agreements with Australia, New Zealand and the United States.