DCTS
Also called: Developing Countries Trading Scheme
The UK's unilateral preference scheme for developing countries, which replaced the UK version of GSP on 19 June 2023. It has comprehensive, enhanced and standard preference tiers and simpler rules of origin than the previous scheme.
In practice
Importers into Great Britain from eligible countries can claim reduced or zero duty, but the origin rules differ from EU GSP.
Applies to: 
UK
Related terms
- GSP
- A unilateral scheme under which developed countries grant reduced or zero duties to imports from developing countries. The EU GSP has a standard…
- UK Global Tariff
- The United Kingdom's own MFN tariff, applied since 1 January 2021 after the UK left the EU customs union. It uses UK commodity codes and simplified…
- Preferential origin
- Origin status under the rules of a specific free trade agreement or unilateral preference scheme that entitles goods to a reduced or zero duty. It is…