On July 19th, the Department for International Trade launched a public consultation, inviting views on proposed changes to the trade preference scheme which reduces or removes import tariffs for 70 developing countries. In particular the consultation sought views on the following aspects:
“We 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, we want to hear your views on:
The new UK preferences scheme (the Developing Countries Trading Scheme) will take effect in 2022.”
This document represents a large part of IFT’s response to this consultation, and was written by IFT Fellow, Brian Sturgess.