A Federal Express Corp. (FedEx) survey showed awareness of the policy change was high, while only 59 percent of respondents were fully or mostly prepared for the new requirements.
MANILA, Philippines – Businesses across Asia-Pacific, including the Philippines, are racing to comply with stricter EU customs rules taking effect next month, with many still unprepared.
A survey of over 500 firms in 12 markets found that 41 percent remain in the early stages of preparation or are completely unprepared for the EU’s July 1 removal of its €150 de minimis duty exemption.
READ: EU-ABC urges Philippines to spearhead battle vs illicit trade
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