EC duty revisions to inflate toy prices

The EC has revised the rules governing duty on goods imported from developing countries, including China and India. This puts an end to the duty-free status held by certain products including motorised toys, puzzles, weapons and some soft toys. Human-type dolls will continue to be duty-free, except for those from South Korea and Hong Kong.

As a result of the changes, retail prices could rise by between five and seven per cent, say toy importers.

“Shop prices will rise across the board because of this. The European Union is imposing inflation on Britain; it’s not something that the UK Government would do,” says a spokesman for one of the UK’s leading toy importers, PMS International.

The company also says it was angry that it received such short notice of the revision – it came into force at the start of this year while importers were told of the changes in the last week of December 1994.

The changes occurred after the EC altered the Generalised System of Preference which gives special treatment to goods from developing countries.

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here