UK proposes to replace EU trading system for developing countries

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UK proposes to replace EU trading system for developing countries
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British PM Boris Johnson proposes alternative trade system to that run by the EU, praises the benefits of free trade between Commonwealth countries

Boris Johnson is looking to boost trade with the Commonwealth, a network of 54 countries that are mostly former British colonies.

The Commonwealth, headed by Queen Elizabeth, is not a formal trading bloc with a free-trade agreement. But the network includes about a third of the world's population and some of its fastest-growing economies. This will reduce tariffs on foods, clothes and other items by 750 million pounds a year, he will say.

"The new initiatives we are launching today will ensure the UK is at the forefront of seizing opportunities, driving shared growth and prosperity for the benefit of all of our people."

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