Department for International Trade
New trading scheme cuts tariffs on hundreds of everyday products
The Developing Countries Trading Scheme (DCTS) will help UK businesses access hundreds of products from around the globe at lower prices, reducing costs for UK consumers.
The UK yesterday used its post-Brexit powers to launch one of the world’s most generous trading schemes with developing countries.
The International Trade Secretary Anne-Marie Trevelyan has launched the new Developing Countries Trading Scheme (DCTS), which will extend tariff cuts to hundreds of more products exported from developing countries, going further than the EU’s Generalised Scheme of Preferences.
This is on top of the thousands of products which developing countries can already export to the UK duty-free [and will mean 99% of goods imported from Africa, for example will enter the UK duty free].
The scheme means that a wide variety of products - from clothes and shoes to foods that aren’t widely produced in the UK including olive oil and tomatoes – will benefit from lower or zero tariffs.
The Developing Countries Trading Scheme ensures that British businesses can benefit from more than £750 million per year of reduced import costs, leading to more choice and lower costs for UK consumers to help with the cost of living.
Secretary of State for International Trade Anne-Marie Trevelyan said:
As an independent trading nation, we are taking back control of our trade policy and making decisions that back UK businesses, help with the cost of living, and support the economies of developing countries around the world.
UK businesses can look forward to less red-tape and lower costs, incentivising firms to import goods from developing countries.
The DCTS covers 65 countries across Africa, Asia, Oceania and the Americas including some of the poorest countries in the world.
It removes some seasonal tariffs, meaning more options for British supermarkets and shops all year round. For example, cucumbers, which can’t be grown in the UK in the winter, will now be tariff-free during this period for the majority of countries in the scheme.
The scheme also simplifies complex trade rules such as rules of origin – the rules dictating what proportion of a product must be made in its country of origin. This makes it easier for businesses like family-owned textile business DBL Group from Bangladesh to export, encouraging developing countries to play a larger role in the global trade community.
Mohammed Jabbar Managing Director of DBL Group said:
These new rules will be a game changer for us. They mean we will be able to source our cotton from many more countries than we could before, which will make the business more competitive and our supply chains a lot more resilient.
This work is part of a wider push by the UK to drive a free trade, pro-growth agenda across the globe, using trade to drive prosperity and help eradicate poverty.
This drive includes a new initiative called Platinum Partnerships, designed to grow trade between the UK and selected lower and middle-income Commonwealth countries and reduce dependency on aid. The partnerships will strengthen two-way green trade and investment, helping countries’ adaptation to climate change.
The Prime Minister also recently announced a new Trade Centre of Expertise, which will bring together the best of British expertise to support partner governments, giving them the tools they need to more actively participate in the global trading system.
Latest News from
Department for International Trade
High-potential tech scale-up finalists announced in Tech Awards29/09/2022 12:10:00
The semi-finalists have been announced for the Tech Rocketship Awards.
Trade Secretary hails role of free trade in global security at transatlantic defence summit28/09/2022 15:10:00
Kemi Badenoch will highlight the role of free trade in delivering global economic security and economic growth at New York trade and investment summit, Atlantic Future Forum.
Mobile roaming cap to benefit Brits abroad23/09/2022 12:10:00
The UK has signed an agreement to cap charges for using data and making calls and texts in Norway and Iceland.
UK tech companies eye Singapore as gateway for regional expansion22/09/2022 12:12:00
This week Singapore hosts a major delegation of 24 cutting-edge British companies exploring growth opportunities in Asia Pacific.
International Trade Secretary speech to Australian Chambers of Commerce05/09/2022 16:10:00
Trade Secretary Anne-Marie Trevelyan affirms strengths of the UK-Australia trade deal in speech to Australian British Chambers of Commerce (02 September 2022).
UK agrees two deals with major gulf trading partner Qatar24/08/2022 16:05:00
UK and Qatar ministers meet today for the third Joint Economic and Trade Committee (JETCO) in London, to bolster bilateral trade and investment ties across both nations.
UK and Ukraine launch talks on digital trade deal to support Ukrainian businesses24/08/2022 11:15:00
The UK and Ukraine have today [Wednesday 24 August] announced their intention to pursue a new digital trade agreement to help Ukraine rebuild its economy and protect livelihoods.
Joint outcome statement: India-UK round five FTA negotiations11/08/2022 09:20:00
Round five of negotiations for a free trade agreement between the Republic of India and the United Kingdom