Britain's trade secretary is considering a big loosening of the 'rules of origin', which define where a product comes from
’s rules, dozens of poor countries, including Angola and Bangladesh, face no tariffs on “everything but arms”. Somewhat better-off countries like India enjoy reductions on two-thirds of tariff lines, which can be cut to zero if they adhere to 27 international conventions on labour rights, the environment and the like.
Yet Brexit does afford an opportunity for liberalisation, which Liz Truss, the trade secretary, is keen to exploit. Although some countries make extensive use of thescheme when trading with Britain, others, particularly in Sub-Saharan Africa, do not. One option being considered by Ms Truss is a big loosening of the “rules of origin”, which define where a product comes from.
All of this is good news for clothes retailers, such as Primark, a discount chain, that source lots of stock from poor countries. The company has told lawmakers that buying Ethiopian socks made with Chinese yarn is a tangle, due to rules of origin. Marginally lower prices for British shoppers may follow. How much the world’s poorer countries stand to benefit from any reform depends on how it is designed.
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