EU cuts cheap parcel influx in move against e-commerce giants
The European Union has halved the volume of low-value parcels entering the region following the introduction of a new flat fee.
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The European Union has successfully halved the number of low-value parcels entering the region, according to a report by Euronews. The significant drop follows the introduction of a new €3 flat fee designed to curb the growing dominance of Chinese e-commerce platforms.
The measure forms part of a broader ongoing effort by European authorities to regulate the influx of cheap goods and re-establish a competitive balance for domestic markets against major overseas online retailers.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.