• Thu. Jun 13th, 2024

UK launches post-Brexit trade scheme for 65 developing countries extending tariff cuts

Byoxfordnewspaper

Aug 20, 2022

The UK has launched its post-Brexit scheme to support trade with developing countries, extending tariff cuts to hundreds of products.

The Developing Countries Trading Scheme (DCTS) was announced today by International Trade Secretary Anne-Marie Trevelyan, in a bid to go further than the EU’s Generalised Scheme of Preferences.

The initiative covers 65 countries Africa, Asia, Oceania and the Americas, including some of the poorest in the world.

Products ranging from clothes and shoes to oil and tomatoes will now benefit from lower or even zero tariffs coming into the UK.