Good news from ECOFIN today!
EU Finance Ministers have agreed to our proposal to remove the customs exemption for low-value parcels coming into the EU.
From now on, all parcels will go through standard customs procedures.
This is a key step to better manage the surge in small packages, particularly from China.
We ensure fair competition, stronger enforcement, and better consumer protection across the EU.
We will support Member States on immediate transitional measures.
@EUCouncil
Domestic letter volumes grew sharply until 21st century, followed by a decline.196.3 billion domestic letter items in 2024 reflects the scale, and also the ongoing transformation of the postal sector, with operators focusing on parcel delivery & logistics.
#PostalStatistics 📊
TARIFFS UPDATE: what's happening and what it means for the postal sector. Featuring Kate Muth from @IMAGAssociation
New episode of the Postal Hub online today - listen on Apple Podcasts here: podcasts.apple.com/us/podcast/pos…
Etsy is making a significant change to its Etsy Insider loyalty program after discovering for itself that there's no such thing as free shipping.
ecommercebytes.com/9nmy
Transporting goods to or through the EU?
From 1 September, #ICS2 is fully operational. New EU customs border security rules apply to all transport modes.
Some Member States have requested temporary extensions, giving traders more time to adapt. More info➡️europa.eu/!Bqrydp
Imminent changes to US customs regulations pose significant operational challenges for the global postal network. UPU is working with member countries & US authorities to ensure continuity of postal flows & support the development of sustainable solutions.
bit.ly/3JBKc5X
Goldman's latest (still very early) analysis of tariff effects thru June 2025:
-Foreign exporters absorbed 14% of US tariffs
-US companies ate 64%
-US consumers ate 22%
-Protected US companies also raised prices
-Consumers will see bigger price increases (70%) thru the Fall