New UK scheme to drive trade with developing countries

07/19/2021

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Dominic Raab, Elizabeth Truss | GOV.UK

The Government is today [19 July] launching a consultation on new trading rules that will help countries out of poverty – and help British businesses and consumers at the same time.

The Developing Countries Trading Scheme (DCTS) is a major opportunity to grow free and fair trade with developing nations. The proposed scheme would apply to 70 qualifying countries currently and include improvements such as lower tariffs and simpler rules of origin requirements for countries exporting to the UK. The scheme will allow countries to diversify their exports and grow their economies, while British 

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