INSUBCONTINENT EXCLUSIVE:
The United Kingdom (UK) is implementing one of the most generous preferential trading schemes in the world from today (June 19), the British
of Preferences (GSP) and allows Sri Lanka to trade with the UK tariff-free on 92 percent of goods, leading to increased competitiveness of
Countries Trading Scheme (DCTS) that provides tariff reductions and simpler terms of trade
The scheme was announced last year, and legislation has now been finalised to bring it into force, the statement said.The British High
with the UK tariff-free on 92% of goods, leading to increased competitiveness of Sri Lankan products in the UK market
flexible rules of origin it is easier for least developed countries to trade with Sri Lanka without losing tariff-free status, increasing
the potential for supply chain development.To support business take-up of the DCTS, the UK Trade Partnerships programme (UKTP) has expanded
UKTP provides technical assistance to almost-ready-to-export small and medium-sized enterprises (SMEs) and is delivered by the International
preparing them to participate successfully in international trade fairs
This will improve the visibility of Sri Lankan producers, equip exporters with the necessary tools and knowledge, and facilitate their entry
support via the UK Trade Partnerships programme across identified sectors
grounds of human rights and labour rights violations, and broadens these powers to include violations in relation to anti-corruption,
climate change and environment conventions
