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Simplified rates for bringing personal goods into the UK
Find out about the simplified rates of customs and excise duty used when you declare your personal goods online.
China’s economy speeds up again… worldwide trade to benefit?
China has reported better-than-expected trade surplus figures, reversing recent forecasts and easing fears that a slowdown in Chinese trade would slow down a recovery in the wider world economy.
China’s trade surplus rose to $31.9bn (£19.4bn) last month. The figure increased 14% over the year and was substantially higher than the $23.7bn (£14.3bn) surplus forecast. Both imports and exports rose by around 10%. As a result of these figures several experts have predicted that China will become the world’s largest importer this year, ahead of the US. (It is already the world’s largest exporter.)