Which country has launched a Developing Countries Trading Scheme (DCTS)?

  • A. UAE
  • B. UK
  • C. Germany
  • D. Malaysia

Correct Answer: B. UK

The United Kingdom (UK) has launched a Developing Countries Trading Scheme (DCTS), whose implementation in early 2023 will provide tariff reductions and simpler terms of trade to 65 countries, including Pakistan. The DCTS replaces the UK`s Generalised Scheme of Preferences (GSP), a preferential trading system that provides tariff removals and reductions on various products.

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