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The Hindu

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Withdrawal of duty benefit scheme by U.K. may impact labour-intensive goods’ exporters

GSP United Kingdom Ajay Sahai Ajay Srivastava India European Union

The U.K.'s decision to withdraw the duty benefit scheme from its Generalised Scheme of Preferences (GSP) may impact Indian exporters from certain labour-intensive sectors such as leather and textiles, which have been they were the major beneficiaries, according to experts and traders.

The U.K. is replacing the GSP with a new Developing Countries Trading Scheme (DCTS) from June 19.

Labour-intensive sectors, including certain textile items, leather goods, carpets, iron & steel goods and chemicals may get impacted due to this.

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