Department for International Trade
The United Kingdom and Côte d’Ivoire sign Economic Partnership Agreement
An agreement has been signed between the United Kingdom and the Côte d’Ivoire to secure our trade arrangements.
The United Kingdom and Côte d’Ivoire yesterday (15 October 2020) signed an Economic Partnership Agreement (EPA), maintaining existing trade arrangements.
Minister for International Trade, Ranil Jayawardena MP signed the agreement with Her Excellency Sara Affoué Amani, Ambassador of Côte d’Ivoire to the United Kingdom, in London.
The 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 Côte d’Ivoire was £401 million in 2019. Top imports to UK from Côte d’Ivoire were in cocoa beans and cocoa preparations (£192 million), and edible fruit and nuts, mostly bananas (£22 million). The UK market accounts for 23% of total exports of cocoa butter from Côte d’Ivoire, as well as 6% of bananas.
Minister for International Trade, Ranil Jayawardena yesterday said:
“The preferential trading terms, secured by this agreement are part of HM Government’s 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 Côte d’Ivoire. It will underpin trade in processed cocoa and bananas, supporting the livelihoods of Ivorians working in these sectors and guaranteeing access for British consumers.”
- 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).
- The agreement covers trade in goods, including provisions on rules of origin, and preferential tariffs and quotas.
- The agreement will now be subject to the domestic parliamentary procedures in both the UK and Côte d’Ivoire.
- The agreement is designed to take effect at the end of the transition period.
- The 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 £144 billion in 2019.
Latest News from
Department for International Trade
Scottish businesses to benefit from UK-Japan trade agreement23/10/2020 15:20:00
The historic agreement was signed today
New Board of Trade holds first meeting to agree principles and future programme of work20/10/2020 08:10:00
It will produce a series of reports looking at the major issues facing international trade and how trade can help deliver government priorities. The refreshed Board will help the government make the case for rules-based free trade abroad and domestically.
Joint Statement on the Anglo-Chilean Trade Dialogue19/10/2020 15:10:00
Last week, the United Kingdom and Chile held the first Anglo-Chilean Trade Dialogue, in advance of the United Kingdom-Chile Association Agreement.
HMG launches Export Growth Plan to help businesses19/10/2020 08:10:00
Government launches Export Growth Plan to help businesses in England build back better following the pandemic.
Liz Truss ramps up engagement with trade unions and civil society groups16/10/2020 15:10:00
International Trade Secretary steps up engagement with stakeholders across the UK.
WTO General Council: UK statement on work programme on electronic commerce15/10/2020 10:27:00
UK's Ambassador to the WTO in Geneva, Julian Braithwaite, recently (13 October 2020) delivered a statement under Item 9 Work Programme on electronic commerce and moratorium on imposing customs duties on electronic transmissions – request from India.
WTO General Council: item 8: procedural guidelines on WTO councils addressing trade concerns14/10/2020 16:22:00
UK's Ambassador to the WTO in Geneva, Julian Braithwaite, yesterday delivered a statement under Item 8: procedural guidelines for WTO Councils and Committees addressing trade concerns. Statement by co-sponsors of WT/GC/W/777/Rev.5.
WTO General Council: importance of market-orientated conditions to the world trading system14/10/2020 14:10:00
UK Ambassador to the WTO in Geneva, Julian Braithwaite, yesterday delivered a joint statement with Brazil, Japan and United States under Item 7: importance of market-oriented conditions to the world trading system.