Bangladesh to retain duty-free access to UK thru’ new scheme

The United Kingdom’s landmark Developing Countries Trading Scheme (DCTS) has come into effect which simplifies trading rules and cuts tariffs on products entering the UK from 65 developing countries, including Bangladesh.

This scheme will help grow trade, boost jobs, and drive sustained economic growth. The DCTS demonstrates the UK’s commitment to a modern and mutually beneficial partnership with Bangladesh.

Bangladesh is due to graduate from the least developed country status in 2026.

Changes made to the DCTS mean Bangladesh will retain duty-free access for 98 per cent of exports, including ready-made garments, said the British High Commission in Dhaka on Monday.

It is more generous than the European Union’s scheme the UK was previously a member of, it said. British High Commissioner to Bangladesh Sarah Cooke said, “The DCTS will support Bangladesh’s manufacturing capacity, increase long term economic growth and resilience, and allow it to access global supply chains.

“It benefits the UK through greater consumer choice and competitive prices. This announcement underscores our commitment to a modern and mutually beneficial partnership with Bangladesh, based on deeper, economic and trade ties and global standards.”

The scheme will contribute to developing countries’ integration into the global economy, creating stronger trade and investment partners for the future, and strengthening supply chains.