Radical Simplification of Trading Rules and Tariff Cuts The United Kingdom (UK) has announced the implementation of its new post-Brexit Developing Countries Trading Scheme (DCTS), which simplifies trading rules and reduces tariffs on products from developing countries. This move is expected to save businesses and consumers millions of pounds annually. The scheme covers 65 countries, including Nigeria, and aims to be more generous than the EU scheme the UK was previously a member of.
UK Implements New Trading Scheme to Boost Developing Countries’ Prosperity
