The European Union and the South American trade bloc Mercosur have reached a political agreement on their long-negotiated partnership deal. For the textile and apparel sector, the agreement brings concrete and time-bound changes that will shape trade between the two regions.

Following the agreement to introduce a €3 flat fee on small parcels imported into the EU, several policymakers are already questioning whether the measure will be sufficient to curb the surge of ultra-cheap goods entering the European market.