British High Commissioner to Bangladesh Sarah Cooke, along with Special Envoy to the Chief Adviser Lutfey Siddiqi, visited Cupcake Exports in Dhaka. Photo: British High Commission

DHAKA, July 28, 2025 (BSS) – British High Commissioner to Bangladesh Sarah Cooke today said export diversification is crucial for Bangladesh for sustainable economic growth while Britain is supporting Dhaka on business-friendly reforms.  
   
“The UK is working with Bangladesh to unlock new trade opportunities, support business-friendly reforms and connect UK buyers with high-quality Bangladeshi products,” she said. 

The envoy made the remarks while, along with Special Envoy to the Chief Adviser Lutfey Siddiqi, visited Cupcake Exports here, a soft toy manufacturer that exports to the UK, said a British High Commission press release here.  

 The high commissioner said that the UK’s Developing Countries Trading Scheme enabled Bangladeshi businesses like Cupcake Exports export to UK market with zero tariffs. “It benefits consumers in the UK by bringing down the price of goods.”  
 
During the visit, the High Commissioner and the Special Envoy saw the production of toys and spoke to the workers and management of the company. 

They discussed the opportunities and challenges of diversifying Bangladesh’s export basket and entering the UK market.

“Exporters of new products face considerable policy and administrative barriers within Bangladesh as well as challenges entering into new markets,” read the release.   

The UK government is providing technical assistance to the Bangladesh government to implement reforms to make it easier for firms to do business and export, it added. 

The envoy said that UK would continue to work with Bangladesh to increase and diversify its exports and connect UK buyers with Bangladeshi exporters.

The UK Government announced a further simplification of its Developing Countries Trading Scheme (DCTS) on July 10, 2025. 

The new measures, which further simplifies the rules of origin, makes it even easier for Bangladeshi businesses to export to the UK.  

It will enable Bangladesh to move up the exporting value chain and diversify into new products, helping to create jobs and reduce poverty.

The DCTS, which was launched in June 2023, is one of the most generous preferential trading schemes in the world, said the high commission adding it provides duty-free access to the UK for all of Bangladesh’s exports, excluding arms, until 2029. 

After 2029, 98 percent of Bangladesh’s exports will continue to receive duty-free access under the Enhanced Preferences tier which includes the readymade garments, the release added.