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.
5 November 2021. The European Commission published its proposal for a new Generalised System of Preferences (GSP) from 2024. The regulation needs to be endorsed by the Parliament and the council through the ordinary legislative procedure. More information here. Some of the proposed changes may be relevant for LDCs, particularly graduating LDCs, such as proposed changes in the criteria for eligibility of GSP+.
