Developing Country Trading Scheme: UK’s GSP Replacement Explained
Understanding the UK’s Developing Country Trading Scheme After leaving the European Union, the UK replaced the EU’s Generalised Scheme of Preferences (GSP) with its own trade preference programme for developing nations. The Developing Country Trading Scheme (DCTS), which came into force in June 2023, represents the UK’s independent approach to supporting economic development through trade. […]
Rules of Origin Under UK Free Trade Agreements: How to Qualify
Why Rules of Origin Matter Free trade agreements promise reduced or eliminated customs duties — but those benefits only apply when goods meet the agreement’s rules of origin. These rules are the gatekeepers of preferential trade. If your product does not qualify as “originating” under the relevant FTA, you pay the full MFN (Most Favoured […]
UK-EU Trade and Cooperation Agreement: Key Provisions for Traders
The TCA: Foundation of Post-Brexit UK-EU Trade The UK-EU Trade and Cooperation Agreement (TCA), which took effect on 1 January 2021, governs the trading relationship between the United Kingdom and the European Union. It is the most significant trade agreement the UK operates under, given that the EU remains the UK’s largest single trading partner. […]
How 2025 Free Trade Agreements Are Changing Customs Brokerage
The landscape of international trade is rapidly evolving, with the introduction of new free trade agreements (FTAs) set for 2025. These policy changes are opening unprecedented opportunities for customs brokers, who play a vital role in facilitating compliant, efficient cross-border transactions. This article explores how upcoming FTAs are shaping customs brokerage prospects and industry practices. […]
