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Developing Countries Trading Scheme

June 20, 2023

Context:

The U.K. has introduced a news scheme- Developing Countries Trading Scheme (DCTS)

About Developing Countries Trading Scheme:

  • DCTS will provide duty-free, quota-free trade to Least Developed Countries (LDCs) on everything but arms and duty-free.
  • It will contribute to developing countries’ integration into the global economy by creating stronger trade and investment partners for the future and strengthening supply chains. 
  • The DCTS makes it easier to produce goods using components from other countries without losing duty-free status
  • Impact on India: Indian goods worth $960 million will lose their concessional duty access to the U.K. market.                                                 

News Source: TOI

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
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