US ANNOUNCES WITHDRAWAL FROM UNIVERSAL POSTAL UNION

HKTDC on 18th October reported that the US has announced that it plans to leave the UPU, saying that the multi-lateral system that sets international mailing rates unfairly gives mainland China a competitive edge. UPU was originally founded in 1874 and now covers 192 countries.  Since 1969, developing countries — including mainland China — have been assessed lower rates than wealthier countries under this system.  The article gives the example of 2 kg package – if shipped within the US the charge would typically be $19-$23, while China Post pays $5 to ship a similar package to anywhere in the US.  According to UPU rules, members have 1 year to renegotiate new terms before the withdrawal becomes permanent. White House officials indicated the US would prefer to stay within the union if more favourable terms can be negotiated.

http://economists-pick-research.hktdc.com/business-news/article/Economists-Pick-Regulatory-Alert-US/U-S-Announces-Withdrawal-from-Universal-Postal-Union/baus/en/1/1X300W0C/1X0AFH6F.htm

https://www.postalandparceltechnologyinternational.com/news/operations/trump-announces-plans-to-withdraw-the-us-from-the-upu.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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