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THE BUSINESS OF INTERNATIONAL TRADE

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Designing the UK Trade Performances Scheme for Developing Nations

By News Team
Published on 19 July 2021

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Summary

The government is seeking views on proposed changes to the trade preference scheme which reduces or removes import tariffs for 70 developing countries.

This consultation is being held on another website.

This consultation closes at 11:45pm on 12 September 2021

Consultation description

Gov.uk want to know what you think about proposed changes to the UK’s trade preference scheme. This is currently known as the UK Generalised Scheme of Preferences (GSP).

In particular, they want to hear your views on:

  • rules of origin requirements for least developed countries (LDCs)
  • reducing tariffs for low income and lower-middle income countries
  • the approach to goods graduation, which suspends reduced rates on some goods
  • the conditions and reporting requirements for low or lower-middle income countries

The new UK preferences scheme (the Developing Countries Trading Scheme) will take effect in 2022.

Consultation documents

The government would prefer to receive responses using their online questionnaire tool.

The statement of direction provides details on the policy proposals.

The information pack sets out technical information and policy background on the UK GSP.

Documents

GSP Consultation – commodity codes table

Statement of direction: designing a new UK trade preferences scheme to take effect in 2022

Information pack on the UK’s Generalised Scheme of Preferences

GSP consultation questions (print version)

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