Morocco, Ghana and Tunisia are among African nations that would lose the most if the U.K. doesn’t negotiate a deal by the time it has to exit the European Union, according to a study by a United Nations agency.
Total export losses from 20 African countries could be as much as $420 million, according to the UN Conference on Trade and Development. The study shows 11 nations on the continent would boost their exports by a total of $3.66 billion, led by South Africa, Mauritius and Botswana.
“A no-deal Brexit could damage smaller economies trading with the United Kingdom,” the agency said in a statement. The U.K.’s intention to lower most-favored-nation tariffs could increase the competitiveness of some of its trading partners, UNCTAD said.