The Trade Preference Scheme (Developing Countries Trading Scheme) Regulations 2023
These Regulations revoke the Trade Preference Scheme (EU Exit) Regulations 2020 (S.I. 2020/1438) and establish a new trade preference scheme for developing countries known as the Developing Countries Trading Scheme (“DCTS”). The DCTS offers lower rates of import duty than applies under the Customs Tariff (Establishment) (EU Exit) Regulations 2020 (S.I. 2020/1430). These lower rates are available on certain goods originating from certain countries.