According to German TV 2, Germany’s Business Daily and other media reports, unfair competition from China has caused huge losses for Germany’s online merchants. According to the statistics of the German Industry Association, the loss in the electronic products industry alone is as high as five billion euros (US$5.51 billion) each year. Gero Furchheim, chairman of German E-Commerce and Distance Selling Trade Association (BEVH), told Deutsche Presse-Agentur, “This has caused tremendous losses to Germany and has cost thousands of jobs.” Since China’s cargo transportation surged three years ago, Deutsche Post DHL has estimated that it has lost 120 million euros (US$132 million dollars). The value of China’s sale of electrical appliances to German private homes alone is estimated to exceed 1 billion euros (US$1.1 billion) per year.
The postage for goods sent from China is very low. The U.S. and other developed countries hope to solve this problem during a special meeting in Geneva that the Universal Postal Union will hold on September 24 where they will raise China’s postage. Meanwhile White House trade adviser Navarro will lead a delegation to Geneva, Switzerland, next week, demanding reforms to the Universal Postal Union (UPU) which has been around for 145 years. The U.S. could withdraw from the UPU as early as October 17, if the negotiation fails.
Source: Radio Free Internationale, September 22, 2019