UK’s landmark Developing Countries Trading Scheme (DCTS), which comes into effect Monday, simplifies trading rules and cuts tariffs on products entering the UK from 65 developing countries, including Bangladesh.
The DCTS will help grow trade, boost jobs, and drive sustained economic growth, the British High Commission in Dhaka said. This new scheme demonstrates the UK’s commitment to a modern and mutually beneficial partnership with Bangladesh.
Bangladesh is due to graduate from the Least Developed Country status in 2026.
Changes made to the DCTS mean Bangladesh will retain duty-free access for 98% of exports, including readymade garments. It is more generous than the European Union’s scheme the UK was previously a member of.
The scheme will contribute to developing countries’ integration into the global economy, creating stronger trade and investment partners for the future, and strengthening supply chains.
The DCTS makes it easier to produce goods using components from other countries without losing duty-free status.
