The United Kingdom and Ivory Coast 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 Ivory Coast 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 Ivory Coast was £401m in 2019. Top imports to UK from Ivory Coast were in cocoa beans and cocoa preparations (£192m), and edible fruit and nuts, mostly bananas (£22m). The UK market accounts for 23% of total exports of cocoa butter from Ivory Coast, as well as 6% of bananas.
Minister for International Trade, Ranil Jayawardena 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 Ivory Coast. It will underpin trade in processed cocoa and bananas, supporting the livelihoods of Ivorians working in these sectors and guaranteeing access for British consumers.”