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:

Review of the EUs GSP regulation

MTAVARES1 — Fri, 05 Nov 2021 15:25:00 +0000

5 November 2021. The European Commission published its proposal for a new Generalised System of Preferences (GSP) from 2024. The regulation needs to be endorsed by the Parliament and the council through the ordinary legislative procedure. More information here. Some of the proposed changes may be relevant for LDCs, particularly graduating LDCs, such as proposed changes in the criteria for eligibility of GSP+.

Front Page Article:

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

New UK Developing Countries Trading Scheme

Review of the EUs GSP regulation