Sri Lanka stands to benefit significantly from the UK’s latest trade reforms, as the British government unveiled a series of upgrades to the Developing Countries Trading Scheme (DCTS) on 10 July.
The changes include simplified rules of origin, allowing more Sri Lankan goods — particularly garments — to enter the UK tariff-free, even when using components sourced from other countries in Asia and Africa, the British Department of Business and Trade said in a statement.
These reforms are expected to enhance Sri Lanka’s competitiveness in the UK market, which is the second-largest export destination for Sri Lankan apparel.
The changes will support jobs, promote exports, and contribute to sustainable economic growth in the country.