On 15 August 2022, the United Kingdom launched its new Developing Countries Trading Scheme (DCTS). The scheme provides duty-free, quota-free trade to LDCs on everything but arms and duty-free, quota-free trade on 85% of eligible goods to most LICs and LMICs. The DCTS will replace the UK’s Generalised Scheme of Preferences (GSP) in early 2023. It contains product-specific rules of origin for LDCs.
More information:
Press release: New trading scheme cuts tariffs on hundreds of everyday products - GOV.UK (www.gov.uk)
Policy paper: Developing Countries Trading Scheme (DCTS): new policy report - GOV.UK (www.gov.uk)