THE United Kingdom's Developing Countries Trading Scheme (DCTS) will help build a better bilateral trade and investment relationship between the Philippines and the European country, the Department of Trade and Industry (DTI) said.

'The DTI continues to accord high importance to this new DCTS, as we see this as a development tool that will assist us in building back better and in bolstering trade and investment relations with the UK,' Trade and Industry Undersecretary for Communications and Legislative Affairs Maria Blanca Kim Lokin said, delivering the message of Trade and Industry Secretary Alfredo Pascual during the European Union-Philippines Business Dialogue held on Thursday at the Dusit Thani Hotel in Makati.