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UK announces new trading schemes to cut tariffs on goods from developing countries

  • In 2023, the United Kingdom (UK) will introduce a new trading scheme for products imported from developing countries.
  • It will apply zero and reduced tariffs to hundreds of additional products imported from 65 developing countries worldwide.
  • Developing Countries Trading Scheme (DCTS) reduces origin requirements and increases access to the scheme for DCTS countries.

Source EY

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