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:

LDC Portal - International Support Measures for Least Developed Countries - DFQF

New UK Developing Countries Trading Scheme