The UK market accounts for about 3,5 percent of world trade and it’s an important trading partner for many developing countries.
The country could gain an additional R42-billion in exports.That's according to new research from the United Nations Conference on Trade and Development.
'If Britain were to leave at any point without an withdrawal agreement, it has published its tariff schedule. The tariff will remain enforced for a year. It'll allow duty-free entry for all our fruits our wines. Where there'll be an issue is in the auto sector, where there's a 10% tariff," said Trade and Industry minister, Rob Davies.
The study says a no-deal Brexit could significantly disrupt and harm the economies of other developing countries whose exports are highly reliant on the UK market.
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