Q. Developing Countries Trading Scheme (DCTS), recently seen in the news, is associated with which country?
Answer:
UK
Notes: Exporters aiming for duty concessions on shipments to the UK must comply with new British regulations under the Developing Countries Trading Scheme (DCTS). Introduced by the UK Government, DCTS aims to integrate developing nations into the global economy, fostering trade partnerships and strengthening supply chains. It offers simpler, more generous preferential trading terms, reducing or eliminating tariffs on imports from 65 eligible countries, benefiting UK consumers and businesses while excluding certain upper-middle-income nations and those with UK free trade agreements.