Britain sets out plan Monday to stimulate trade with developing economies

"Now the UK is an independent trading nation we have a huge opportunity do things differently, taking a more liberal, pro-trade approach that leads to growth and opportunity," trade minister Liz Truss (pic) said.

LONDON: Britain will set out a plan on Monday to stimulate trade with 70 developing economies by lowering tariffs and simplifying rules, its latest push to promote freer global commerce after regaining control of its trade policy following Brexit.

The government will detail the Developing Countries Trading Scheme in a consultation document. The plan builds on an existing European Union scheme that Britain was part of before leaving the bloc at the end of last year and has kept in place while working on its new programme.