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
UK and Florida sign pact to boost trade15/11/2023 11:20:00
The UK and Florida sign the 7th UK-US state level Memorandum of Understanding to boost trade and investment.
Government calls on business expertise to boost trade with Turkey02/11/2023 12:12:00
The UK is seeking views from businesses and the wider public on UK negotiation objectives for a new trade agreement with Turkey.
New insurance scheme to facilitate UK business supporting Ukraine02/11/2023 11:20:00
The UK signs war-risk insurance Statement of Intent with European Bank of Reconstruction and Development to help UK companies to do business in Ukraine.
UK and Oklahoma hold inaugural Working Group meeting26/10/2023 12:10:00
First Working Group meeting under the UK – Oklahoma trade MoU took place in Oklahoma City, OK
Business and Trade Secretary signs landmark first partnership with EU nation to boost British exports11/09/2023 14:22:00
Business and Trade Secretary Kemi Badenoch signs UK-Italy export and investment partnership boosting UK exports, help create jobs, increase wages and grow the economy.
Horizon Europe Guarantee scheme newly extended to support UK R&D09/06/2023 15:10:00
The government has announced an extension to the support provided to UK Horizon Europe applicants until the end of September 2023.
Business and Trade Department marks 100-day milestone17/05/2023 10:07:00
The Department for Business and Trade celebrates its 100th day
Landmark post-Brexit trade deals to come into force this month driving economic growth across the UK04/05/2023 15:15:00
The Prime Minister will meet tomorrow with his Australian and New Zealand counterparts for talks ahead of the King's Coronation.