Gathered for a meeting of the Economic and Financial Affairs (Ecofin) Council on Thursday, 13 November, European economy and finance ministers agreed to eliminate the customs duty “exemption threshold” that currently allows parcels entering the EU that are worth less than €150 to be exempt from customs duties.
With this measure, the 12 million small parcels (worth less than €150) that enter the EU every day—91% of which come from China—are going to be subject to customs...