UK Developing Country Scheme Changes

June 18, 2023

A new trading scheme has been introduced recently, that replaces the GSP preference scheme and provides benefits for 65 developing countries around the world.

The Developing Countries Trading Scheme (DCTS) is believed to save £770m per year on £9bn worth of  products.

The UK have introduced the scheme to support developing country growth by reducing tariffs, liberalising rules of origin requirements and by simplifying the conditions.

The UK’s International Trade Minister commented on the scheme “It will create opportunities for businesses around the world, supporting livelihoods, creating jobs and diversifying local and international supply chains. It will also benefit UK businesses and consumers by lowering import costs on a whole range of products”.

Further details of the new scheme can be viewed on the gov.uk website HERE.

Other News

The Shape Of Carrier Alliances From 2025

The Shape Of Carrier Alliances From 2025

The Shape Of Carrier Alliances From 2025 Steamship lines have been maneuvering during recent weeks, as the carrier alliance pack starts to reshuffle itself ahead of 2025. It seemed likely we would see further changes to the current alliance structure as soon as Maersk...

read more
Asia Air Volumes Rising Due To Red Sea Crisis

Asia Air Volumes Rising Due To Red Sea Crisis

Red Sea Situation Continuing To Impact Ocean Freight Following recent attacks on commercial ships in the Red Sea, and the subsequent routing of ocean vessels around Africa, air freight has started to feel the knock-on effects. The longer transit times and capacity...

read more
Chinese New Year – Enter The Dragon

Chinese New Year – Enter The Dragon

Chinese New Year - Enter The Dragon The new Chinese New Year starts this weekend - The Year Of The Dragon​ - Therefore, it's time to share some facts and information about this annual celebration. When This year's holiday in China starts on Saturday 10th February and...

read more
Red Sea Situation Continuing To Impact Ocean Freight

Red Sea Situation Continuing To Impact Ocean Freight

Red Sea Situation Continuing To Impact Ocean Freight There is seeming no immediate sign of respite for global supply chains, as container ships in the Red Sea have continued to be targeted this week. Two container ships were targeted on Wednesday and forced to flee...

read more

Follow us on social media

Air Freight Services

Contracts with all major airlines and our own consolidation services.

View More

Ocean Freight Solutions

Flexible FCL and LCL solutions with all major carriers and alliances.

View More

European Road Freight

Pan European services for economy, express, full load, and intermodal.

View More

Customs

A one-stop shop brokerage service for all of your customs requirements.

View More