{"id":56637,"date":"2022-08-28T16:00:48","date_gmt":"2022-08-28T11:00:48","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=56637"},"modified":"2022-08-28T15:06:45","modified_gmt":"2022-08-28T10:06:45","slug":"uk-includes-pakistan-in-new-trading-scheme-president-pak-british-friendship-council","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/uk-includes-pakistan-in-new-trading-scheme-president-pak-british-friendship-council\/","title":{"rendered":"UK includes Pakistan in new trading scheme:  President Pak-British Friendship Council"},"content":{"rendered":"<p>ISLAMABAD, Aug 28 (APP): President British-Pakistan Friendship Council North West UK Muhammad Arbab Khan Sunday disclosed that the United Kingdom has launched a \u201cDeveloping Countries Trading Scheme\u201d (DCTS) to be commenced soon. He said the DCTS will provide tariff reduction and simpler terms of trade to 65 countries including Pakistan.<\/p>\n<p>Talking to Chairman UK-Pakistan Business Council Mian Kashif Ashfaq here Sunday through zoom, he said the DCTS replaces the UK generalized scheme of preference (GPS), a preferential trading system that provides tariff removal and reduction on various products, said a press release.<\/p>\n<p>He said 94 percent of goods exported from Pakistan will facilitate duty free access to the UK by saving \u00a3120 million in tariffs.<\/p>\n<p>He said that bed linen, jeans and other products would save over \u00a3250 million and added; UK international trade secretary Anne-Marie Trevelyan launched the scheme which would remove the tariffs on over 156 additional products besides simplifying some seasonal tariffs.<\/p>\n<p>Mian Kashif said total trade between two countries stands at \u00a32.9 billion annually. He hoped that volume of trade would swell to new heights after DCTS implementation starts next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Aug 28 (APP): President British-Pakistan Friendship Council North West UK Muhammad Arbab Khan Sunday disclosed that the United Kingdom has launched a \u201cDeveloping Countries Trading Scheme\u201d (DCTS) to be commenced soon. He said the DCTS will provide tariff reduction and simpler terms of trade [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":56638,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-56637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK includes Pakistan in new trading scheme: President Pak-British Friendship Council<\/title>\n<meta name=\"description\" content=\"UK includes Pakistan in new trading scheme: President Pak-British Friendship Council\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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