UK Opens Consultation for Developing Countries Trading Scheme
The United Kingdom opened a consultation period for interested parties to help shape new trading rules for developing countries, the Department for International Trade said in a July 19 news release. The proposed Developing Countries Trading Scheme would apply to…
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70 countries and includes lowering tariffs and simplifying rules of origin requirements for exports to the U.K., it said. The new scheme would look to take a “simpler, more generous, pro-growth approach to trading with developing countries,” the release said. The consultation period for the new rules will run for eight weeks.