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: rules of origin for LDCs

MTAVARES1 — Fri, 13 Nov 2020 14:00:00 +0000

13 November 2020. At its biannual meeting, the WTO Committee on Rules of Origin addressed the implementation of the Nairobi Decision on Preferential Rules of Origin for LDCs, the utilization of tariff preferences by LDC exporters of minerals and metals, transparency in non-preferential rules of origin and steps to ease rules of origin requirements in response to the COVID-19 pandemic. See the press release and links to relevant documents here.

Front Page Article:

LDC Portal - International Support Measures for Least Developed Countries - Rules of Origin

New UK Developing Countries Trading Scheme

From the WTO: rules of origin for LDCs