A new post-Brexit trading scheme cutting tariffs to hundreds of products from developing countries is among the most generous in the world, the Government has claimed.

Secretary of State for International Trade Anne-Marie Trevelyan described the scheme, which will see products from certain clothes to olive oil and tomatoes benefitting from lower or zero tariffs, as “taking back control” of UK trade policy.

Tariffs, which are taxes charged on imported goods from foreign countries, will be cut on a range of products as part of the new Developing Countries Trading Scheme.

According to the Department for International Trade, the tariff cut is more generous that the equivalent EU scheme and will mean 99 percent of goods imported from Africa will enter the UK duty free.

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The new scheme, which will come into force early next year, replaces the old UK Generalised Scheme of Preferences that had rolled over from EU membership.

Ms Trevelyan said: “As an independent trading nation, we are taking back control of our trade policy and making decisions that back UK businesses, help with the cost of living, and support the economies of developing countries around the world.

“UK businesses can look forward to less red-tape and lower costs, incentivising firms to import goods from developing countries.”

The Department for International Trade estimates that UK businesses will save £750 million a year on reduced import costs, with the scheme covering 65 countries across Africa, Asia, Oceania and the Americas.

Those savings, the department said, will also benefit shoppers.

The scheme also sees the removal of some seasonal tariffs, while also simplifying complex trade rules such as rules of origin.

One part of the scheme includes new Platinum Partnerships, which the department said was designed to “grow trade between the UK and selected lower and middle-income Commonwealth countries and reduce dependency on aid”.

The department said it would also boost green trade and investment.