UK launches its new Developing Countries Trading Scheme in Sri Lanka

 

In a press release, the British High Commission in Colombo said the new scheme DCTS was designed to grow free and fair trade with 65 countries, including Sri Lanka.

The UK officials, promoting the DCTS, have showcased high potential value chains and products that can benefit from the new scheme.

British High Commissioner to Sri Lanka, Sarah Houlton OBE, commenting in this regard, said the UK’s new DCTS aims to provide Sri Lankan and UK businesses with a fresh opportunity to diversify and deepen supply chains and reduce the cost of exporting to the UK.

Meanwhile, UK Minister of State at the Department for Business and Trade, Nigel Huddleston said: ”The Developing Countries Trading Scheme will support businesses by giving them the tools to export duty-free to the UK, opening up markets and boosting consumer choice.