UK launches Developing Countries Trading Scheme in Cambodia

The United Kingdom recently launched its Developing Countries Trading Scheme (DCTS) in Cambodia. The scheme would enable the latter to keep gaining benefits and export goods to the UK market with zero-tariff incentives, simpler procedures, more liberalised rules of origin requirements and simplify the conditions attached to the scheme and participate in value chains involving materials from 95 countries, Samheng Bora, Cambodia’s secretary of state in the ministry of commerce, said.

DCTS was launched at a ceremony in Phnom Penh presided over by Bora and Dominic Williams, British ambassador to Cambodia.

Bora said that the DCTS scheme would enable Cambodia to keep gaining benefits and export goods to the UK market with zero-tariff incentives, simpler procedures, more liberalised rules of origin requirements and simplify the conditions attached to the scheme and ability to participate in value chains involving materials from 95 countries.

In full: https://www.fibre2fashion.com/news/textiles-import-export-news/uk-launches-developing-countries-trading-scheme-in-cambodia-286692-newsdetails.htm

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