EU Imposes €3 Duty on Low-Value Imported Packages
The European Union has moved to curb what it sees as unfair competition from mostly Chinese online retailers by imposing a levy on low-value packages, DW reports. The step follows a similar move by the United States.
The European Union has introduced a €3 duty on low-value imported packages. According to DW, the bloc took the step to curb what it describes as unfair competition, largely from Chinese online retailers.
The measure targets the high volume of low-value shipments arriving through platforms such as Shein, Temu and AliExpress. Such packages had in many cases previously benefited from customs exemptions. The new levy aims to level the playing field for European retailers.
The decision follows a similar move by the United States, where Washington had also narrowed exemptions for low-value shipments. EU officials said the impact of the measure on consumers and platforms would be monitored. The timeline and details of implementation will become clearer in the period ahead.
Read next
First Syrian Parliament Since al-Assad's Ousting Begins Legislative Duties
Syria's first parliament since the ousting of Bashar al-Assad has begun its legislative duties, Al Jazeera reports. The new 210-member assembly marks a historic shift after decades of Assad family rule.
New Zealand Treasury Reveals Its Advice to Government in Early Days of Fuel Crisis
South Korea Embraces 24-Hour Won Trading in Break With Currency 'Trauma'
China's Wang Yi Warns Rubio to Approach Taiwan Affairs With 'Utmost Caution'
