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Lanka to benefit from access to UK’s new trading scheme: HC Hulton Source:Island ECONOMYNEXT –Sri Lanka will benefit from the UK’s new trade concessionary scheme Developing Countries Trading Scheme (DCTS) that will replace the GSP+ in that country and will be in force from 2023. “The UK’s new Developing Countries Trading Scheme (DCTS) is one of the most generous sets of trading preferences of any country in the world, and will benefit Sri Lanka by boosting the economy and supporting jobs,” British High Commissioner to Sri Lanka Sarah Hulton said in a tweet on Tuesday August 16. Under the new scheme, Hulton said, Sri Lanka will continue to benefit from duty free exports to the UK on over 80 percent of export products while tariffs on over 150 additional products will also be removed. ...