The UK is the second largest single export market of Sri Lanka accounting for around USD 1 Bn in exports.
The Developing Country Trading Scheme (DCTS) is the bespoke UK GSP programme which will be implemented soon. This will replace the current GSP Framework Programme.
DCTS is introduced by the UK Government to facilitate developing countries to integrate into the global economy, create stronger trade and investment partnerships and strengthen supply chains.
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The Department of Commerce under the Ministry of Trade, Commerce and Food Security held a Palmyra product promotion event in collaboration with Palmyra Development Board to create foreign market opportunities for Palmyra related products ranging from toddy, brushes, fruit punch, and handicraft products.
Palmyrah Deve-lopment Board Chairman Dr. Krishantha Pathiraja and seven potential exporters engaged in Palmyrah products participated at this event. Sri Lanka commercial officers attached to Sri Lanka missions abroad also joined via zoom technology. Further, 10 newly appointed Trade officers to Sri Lanka missions from the Department of Commerce participated before taking wings to their respective counties.
