With the global economy becoming increasingly interconnected, it is essential that international package delivery keep up. International package shipments are expected to at least triple in the next decade. This is good news for American businesses looking to sell more abroad. And for businesses and consumers, low-cost and efficient international e-commerce means more affordable and reliable purchases. But the vast promises of expanded international e-commerce will be diluted, and perhaps sidetracked, if the current international regulatory regime of small packages at the Universal Postal Union is not overhauled. Lexington Institute’s Paul Steidler discusses this in an Op-Ed =in RealClearMarkets here.
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