LDC Portal - International Support Measures for Least Developed Countries - United Kingdom

New UK Developing Countries Trading Scheme

MTAVARES1 — Thu, 18 Aug 2022 13:00:00 +0000

On 15 August 2022, the United Kingdom launched its new Developing Countries Trading Scheme (DCTS). The scheme provides duty-free, quota-free trade to LDCs on everything but arms and duty-free, quota-free trade on 85% of eligible goods to most LICs and LMICs. The DCTS will replace the UK’s Generalised Scheme of Preferences (GSP) in early 2023. It contains product-specific rules of origin for LDCs.

More information:

Press release: New trading scheme cuts tariffs on hundreds of everyday products - GOV.UK (www.gov.uk)

Policy paper: Developing Countries Trading Scheme (DCTS): new policy report - GOV.UK (www.gov.uk)

Front Page Article:

From the WTO: WTO members explore ways of boosting LDCs’ participation in global supply chains

MTAVARES1 — Mon, 21 Feb 2022 15:00:00 +0000

21 February 2023. From the WTO: Increasing the participation of least-developed countries (LDCs) in global supply chains was the focus of an experience-sharing session on 20 February bringing together WTO members and business representatives from LDCs. The event was organized under the aegis of the Sub-Committee on LDCs. WTO members welcomed the United Kingdom’s Developing Countries Trading Scheme which is expected to enter into force later this year.

News item here: WTO | 2023 News items - WTO members explore ways of boosting LDCs’ participation in global supply chains

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