China Cuts Import Duties

by | Dec 12, 2017

China announced a new round of cuts to their import duties recently, which include products such as foods, pharmaceuticals, health supplements and clothing.

The finance ministry’s announcement came very close to Black Friday and Cyber Monday sales, where copious amounts of Chinese export products are sold around the world. The decision is believed to have followed pressure from other countries about trade equality and barriers.

The cuts, which will make foreign goods more competitively priced in the Chinese market, are effective this month and average around 10%.

Scott Baker – Uniserve Ocean Freight General Manager – commented “This tax reduction program will naturally lead to expanded global trade opportunities, when considering selling goods into China for domestic consumption.”

“For Uniserve and our export customers this news is well received. We have been providing dedicated ocean and air freight services into exact Chinese regions for many years, and China’s international trade should now see connected growth.”

For further information on Uniserve’s ocean and air freight services please call 01708 259400 or email info@ugroup.co.uk.

 

Follow Us:

Unrivalled Ocean Freight

Unparalleled choice and flexibility are synonymous with the UK’s leading Ocean Freight provider.

Award Winning Airfreight

Our record breaking (five times) BIFA Airfreight Award winning team eagerly await your enquiries.

More News…..

Uniserve Win Again in BIFA Awards

Uniserve Group have been announced as 'winners' in the coveted European Logistics category, at the BIFA Freight Service Awards on Thursday. The BIFA award ceremony, which was hosted by double Olympic champion Dame Kelly Holmes, encourages and rewards high standards...

Brexit Event Video Released

The Supply Chain Academy, along with group partner Customs Insights, collaborated to deliver their most recent thought leadership event earlier this month, which covered the most topical and important issue of the millennium so far – Brexit.The Academy have now...

Share This

Please Share This Article

It only takes a couple of clicks and it would be greatly appreciated! Many Thanks