China urges EU to assess impact of new fees on low-value imports
China urges EU to assess impact of new fees on low-value imports BEIJING, Nov 5 (Reuters) - China's commerce ministry said on Thursday it is highly concerned about new EU measures on low-value imports and urged the bloc to carefully assess their impact.
The ministry said cross-border e-commerce provides consumers and businesses with more choices and expressed hope that the EU would create favourable conditions for China-EU cooperation in e-commerce and related sectors.
The EU on November 1 began charging an additional €2 ($2.25) fee on low-value imported parcels, after imposing a €3 tariff on such shipments in July, in a move that affects Chinese e-commerce platforms including Shein 0625.HK and Temu.
($1 = 0.8880 euros)
(Reporting by Jing Xu, Shi Bu and Liz Lee; Editing by Muralikumar Anantharaman)
Recent news on SHEIN Global Holdings
See all newsBiotech rising star has lifeline from geopolitics
China urges EU to assess impact of new fees on low-value imports
Shein to invest €500 million in Polish hub after EU parcel charges
EU fees that hit cheap Shein, Temu parcels could raise €6 billion, document shows
EU levies that hit Shein, Temu could add €6 billion to EU budget, document shows