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EU Council Endorses New 3 Euro Customs Fee For Small Packages

Overview Of The New Customs Regulation

The European Union Council has approved a minimum fee of 3 euros for every small package entering the EU from third countries, effective from July. This decision is part of a broader revision of customs duties designed to modernize and level the playing field in the age of global e-commerce.

Addressing Unfair Competition

Under the existing framework, many low-value parcels, largely shipped from China, enter the EU without customs duties. This practice has long been criticised for distorting competition and disadvantaging European retailers. The planned removal of the exemption for packages valued under €150 is expected to strengthen local businesses and limit unfair pricing strategies by foreign sellers. Finance Minister Makis Keravnos noted that updating customs rules is essential for both market competitiveness and consumer protection.

Implementation Timeline And Key Measures

A central element of the reform is the abolition of the value-based duty exemption for parcels below €150. Customs duties will gradually be applied to all goods once the EU Customs Data Hub becomes operational, which is currently projected for 2028. In the interim, Member States have agreed on a temporary unified fee of €3 per parcel for items below the €150 threshold when shipped directly to consumers.

Differentiated Duty Charges By Item Category

From July 2026, the duty will be calculated according to the number of tariff categories contained within a package. For example, if a parcel includes two different clothing items classified under separate tariff codes, the total fee will amount to €6. This approach aims to ensure more accurate assessments and greater consistency in customs treatment across imported goods.

Economic Impact And Future Considerations

The revised customs structure is expected to generate additional revenue for both the EU budget and national treasuries, as customs duties remain an important financial resource for the Union. Officials also clarified that the €3 parcel fee is separate from a proposed processing charge that is still under discussion within the wider customs reform package.

Concluding Remarks

With global online trade continuing to expand, the EU’s decision represents a strategic effort to update its customs framework and restore balance between domestic and international sellers. Clear timelines and structured implementation measures suggest that the new system could significantly reshape how small cross-border shipments are handled within the European market.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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