U.S. to Remain in UPU, Amazon Acquires INLT
U.S. to Remain in UPU
Despite earlier predictions that the United States might withdraw from the Universal Postal Union (UPU), a compromise was reached that will keep the U.S. as a member. The compromise, labeled “Option V” by the Extraordinary Congress, allows countries importing more than 75,000 metric tons of parcels and mail to set their own rates beginning July 2020.
This enables the U.S. to raise prices on packages arriving from other countries, in exchange for a contribution to the UPU’s “voluntary fund,” which covers security and pensions. Additionally, other countries can raise rates on U.S. inbound packages.
“By remaining in the UPU, the United States retains its important leadership role in the global postal system,” says Kate Muth, executive director of International Mailers Advisory Group. “Mailers and shippers will see no interruption in service through the critical holiday season and beyond.”
Amazon Acquires Tech Startup INLT
Founded in 2017, INLT’s cloud-based SaaS provider for U.S. importers. Its digital tools aim to increase compliance with U.S. Customs rules and shipper visibility, saving shippers time and money.
With the capability to file customs entries from anywhere in the U.S., INTL’s software will enable Amazon Marketplace sellers to easily navigate customs during international shipping.
“INLT is a smart, nimble team that is helping companies simplify and lower the cost of importing goods into the U.S.,” an Amazon spokeswoman said in a statement. “We’re excited to work with them to develop the next generation of solutions for their customers and Amazon selling partners.”
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