top of page
Search

Changes to Trading with Samoa and Vietnam


Samoa and Vietnam will no longer be eligible for unilateral preferences when the new Developing Countries Trading Scheme (DCTS) comes into force (and replaces the UK GSP) in early 2023.


To date, imports from Samoa and Vietnam can benefit from the UK Generalised Scheme of Preference AND under the terms of the relevant trade agreement. However, both Samoa and Vietnam will be removed from the DCTS when it is introduced. As such, on the implementation of the new DCTS, traders will have to rely upon the relevant Free Trade Agreement and will not be able to benefit from the unilateral preference.


The UK implemented a new preferential trade arrangement with Vietnam in December 2020 whereas Samoa acceded to the UK-Pacific States Economic Partnership Agreement (EPA) in March 2022.


Cambodia, Indonesia, Laos, Myanmar and the Philippines will be able to cumulate with Vietnam under the DCTS.


5 views0 comments

Comments


bottom of page