Ghanaians to enjoy free trade with UK soon

Adnan Adams Mohammed
All things being equal, Ghanaians will soon start enjoying
free trade economy with their colonial masters, United Kingdom, as the two countries
have reached a consensus on the main elements of a new trade agreement.
This was announced after a consensus was reached between
Ghana’s Minister of Trade and Industry, Alan Kyerematen, and the Rt Hon Liz
Truss MP, UK Secretary of State for International Trade met via video
conference on last week.
The new accord 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 statement added.
“Today we are pleased to announce that we have reached a
consensus on the main elements of a new trade agreement”, a statement released
by the trade ministry said.“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”, the statement intimated.
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