The United Kingdom is abolishing import duties on nearly 90 products.
The UK Department for Business and Trade announces a temporary suspension of customs duties on 89 types of food products and essential goods.
According to the department's information, this measure will be in effect until 2027.
Among these goods are pasta, fruit juices, spices, gardening equipment, plastics, and a number of building materials. According to the department's estimates, this will save businesses and consumers at least £17 million a year.
Savings for businesses on products such as pasta, fruit juices, coconut oil, and pine nuts could be passed on to consumers just in Time for the summer season, meaning lower prices for groceries in supermarkets, restaurants, and pubs.
It is noted that for products such as agave syrup, often used in 'Margarita' cocktails, and plant bulbs, customs duties will also be abolished, meaning cocktail enthusiasts and gardening amateurs will be able to enjoy reduced prices at the start of warm weather.
Read also
- Price Collapse of Cucumbers in Ukraine by 42%: What Awaits the Market Next
- Excise taxes on tobacco products have risen sharply: when and by how much will cigarettes become more expensive
- The Difference of 9 Hryvnias per Liter for 95: Drivers Shocked by Price Variation at Gas Stations in Kyiv Region
- The end of April will bring a cold snap: forecasters warned about rain and a drop in temperature
- In Ukraine, the abolition of Soviet traditions has begun: what has been prohibited in Lviv and why it is important
- Ruble Against Dollar: How Central Asia is Profiting - An Analysis
