From 19th June 2023, the government has introduced the Developing Countries Trading Scheme (DCTS) to improve access to the UK market for developing countries. The DCTS replaces the UK’s Generalised Scheme of Preferences (GSP).

This new DCTS is split into three frameworks.

It is claimed the new scheme will cut administrative costs for businesses by reducing tariffs and bringing more countries in scope of the most generous tariff reductions. It also cuts red tape for developing countries, for example by simplifying rules of origin requirements for the least developed nations.

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• Trade Note
• UKCA
• UKCA marking