Home Brexit Brexit Britain secures another £200m trade deal

Brexit Britain secures another £200m trade deal

by LLB Politics Reporter
9th Mar 21 4:47 pm

The Department for International Trade has signed another trade deal, this time with Cameroon worth £200m per year. The new trade deal comes after the UK and Cameroon agreed in 2020 to roll over the deal once Britain had left the EU.

The UK exports some £50m a year to Cameroon, and Liz Truss who heads up the department has so far secured deals with 66 countries.

International Trade Minister Ranil Jayawardena who signed the deal said, “Today’s deal secures opportunities for both British and Cameroonian businesses and will help support jobs and foster investment.

“International trade and investment are engines of economic growth around the globe, so today’s deal will play a crucial role as we all build back better from Covid-19.”

Minister for Africa James Duddridge added, “This agreement will make sure around £200m of trade between the UK and Cameroon can continue, supporting Cameroonian businesses to increase operations, enabling UK exporters to sell more goods and boosting prosperity for both countries as we together recover from the Covid-19 pandemic.

“This provides the continuity businesses in both the UK and Cameroon need to ensure trade between our countries continues to flourish and grow.”

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]