France, additional fees for Temu and Shein - Measures range from 0.25 euros for a pair of socks, up to 12 euros for a coat

France began, from Tuesday, imposing punitive measures against companies that represent the "most extreme end of fast fashion", in an attempt to curb the growth of sales of cheap clothing offered by e-commerce platforms such as Shein and Temu.
These punitive measures, which are part of a fast fashion law passed in June, aim to address environmental concerns caused by overproduction and range from 0.25 euros for a pair of socks to 12 euros for a coat. However, the fine cannot exceed 50% of the product's sales price before taxes.
These measures add to the difficulties facing Shein, after the expiration of the exemption from customs tariffs for free packages in the European Union and the US caused the company's valuation to fall significantly, ahead of its debut on the Hong Kong stock exchange on Tuesday.
Neither Shein nor Temu responded to requests for comment on the tariffs. Shein spokesman Quentin Ruffat in France had previously said that punitive measures against fast fashion would harm consumers by driving up prices. China’s Ministry of Commerce has described the French law as discriminatory and a trade barrier, saying it could violate World Trade Organization principles.
France's fines, which are expected to increase further from 2030, are calculated using a formula that takes into account the number of products sold, prices and the possibility of repair. According to the company's prospectus, as of March 31 this year, Shein had more than 2 million products in its catalog, with around 4,700 new clothing models added every day.
European retailers such as Inditex, Zara and H&M, which offer a smaller range of products on their websites, are not expected to be affected by the fines, according to an official announcement on Monday. Under European Union regulations on textile waste, member states must have an Extended Producer Responsibility body, which collects fees from textile producers in order to finance the collection, sorting and recycling of discarded clothing.
Romania loses 770 million euros in EU funds - Political deadlock hinders public sector wage reform
Romania is expected to lose at least 770 million euros in European Union funds after the main political parties failed to approve the public sector wage......
New 22 km road Roskovec-Lushnje - ARRSH selects the designer, winning bid 21 million lek
The Albanian Road Authority has announced the winner of the tender for the study and design of the new road that will connect Roskovec with Lushnja. The......
Business and consumer confidence increases - Led by construction, trade and services
The economic climate in the country improved significantly during August, with confidence increasing in most sectors of the economy. The Economic Sentiment......
General decline in the foreign exchange market – Major currencies weaken
The US dollar continued to weaken this Tuesday, losing points from yesterday as it was bought this morning for 79 lek and sold for 80 lek according to the......
Strong warnings about the risks of AI - Bank of England Governor: It could destabilize the financial system
The Governor of the Bank of England, Andrew Bailey, has warned G20 finance ministers and central bank governors that the rapid development of artificial......
Italy faces strong population decline - ISTAT warns of a contraction of around 4 million inhabitants by 2050
Italy's population is expected to shrink by almost 4 million by 2050, creating huge pressure on the economy and welfare system, warns the National Institute......
60 square meters cost almost 130 thousand euros! - Skopje is becoming unaffordable. Prices have increased by 29%
Apartment prices in Skopje continue to rise significantly, with the average asking price in advertisements now exceeding 2,150 euros per square meter. This......
Albania-Austria, Minister Ferit Hoxha: Economic partnership is stronger than ever
Within the framework of the European Forum in Alpbach, Minister for Europe and Foreign Affairs, Ferit Hoxha, met with the Austrian Foreign Minister, Beate......


