UK To Implement Developing Countries Trading Scheme

Posted by Marta Gargallo on 6/1/23 5:00 PM

On June 19, 2023, the United Kingdom’s (UK) Developing Countries Trading Scheme (DCTS) will replace the current Generalised Scheme of Preferences (GSP).

DCTS seeks to improve access to the UK market for developing countries by reducing tariffs, liberalizing rules of origin requirements, and simplifying the conditions attached to the scheme.

The DCTS applies to countries that currently benefit under the UK’s GSP.

To qualify for preferential duty rates, products originating in the DCTS countries must have either of the following proof of origin:

  • A Generalised Scheme of Preferences Form A, which does not need to be stamped or signed by an authority designated by the beneficiary country (a copy can be submitted); or
  • An origin declaration on an invoice, packing list, or consignment note must include information that allows the identification of an originating product.

More information can be found here: Developing Countries Trading Scheme (DCTS): new policy report - GOV.UK (www.gov.uk)

UK Generalised Scheme of Preferences - GOV.UK (www.gov.uk)

Topics: GSP, UK

Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of  Washington, Inc. accepts no liability or responsibility.                                                                                           

Copyright © Expeditors International of Washington, Inc.  Expeditors' Newsflash articles may not be reproduced in any form without advanced written consent of an authorized officer of the copyright holder.     

Recommended for you