Deal to keep U.S. in international postal treaty good news for Canadian companies, business groups say

A last-minute deal that will keep the United States in an international postal treaty is good news for Canadian companies, business groups say.

The deal means the United States will stay in the organization, Peter Navarro, the U.S. representative at the UPU meeting, said at a press conference. Under the new agreement, countries that import a high volume of mail will be able to increase terminal dues – the rates they charge the postal service in the originating country – at the end of June, 2020.

However, when the possibility that the United States would leave the UPU was still on the table, Canada Post said it was unlikely that Canadian businesses sending packages to the United States would see price increases owing to a pre-existing agreement between postal services in the two countries.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump says Japan trade deal opens new market for $7-billion in U.S. goodsTrump, at a signing ceremony with Abe on the sidelines of the United Nations General Assembly, said the deal’s first phase would cover $40 billion worth of digital trade between the world’s largest and third-largest economies globebusiness And he lost multiple times that in his botched dealings with China
Source: globeandmail - 🏆 5. / 92 Read more »