Lexington Institute’s Paul Steidler is quoted in Andy Bounds’ article for the Financial Times about the outcome of a long-standing debate in the Universal Postal Union. The “terminal dues” system, which benefited countries like China with favorable rates, will now be restructured in order to level the playing field in international postage. “This agreement will significantly help US manufacturers, retailers, ecommerce companies and others. It is a win. It will be a catalyst for billions of dollars in increased annual US sales, more jobs and higher tax revenues,” said Steidler.
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