The Developing Countries Trading Scheme (DCTS) entered into force on 19 June 2023 and replaced the UK’s Generalised Scheme of Preferences (GSP).
The DCTS is a simpler and more generous preferential trading scheme which has been designed to boost trade with developing countries in order to support their development. It benefits UK businesses and consumers by reducing the import cost of thousands of products from around the world.
The DCTS applies to 65 countries that are:
least developed countries (LDCs) as defined by the United Nations
low income and lower middle-income countries as defined by the World Bank