logo
EU to triple travel permit fee to €20

EU to triple travel permit fee to €20

The European Travel Information and Authorisation System (ETIAS) is expected to become operational in the last quarter of 2026. (EPA Images pic)
BRUSSELS : The digital travel permit for foreigners to enter the EU should cost €20 (US$23), almost triple the original planned fee, under a proposal published Friday.
The adjustment to the yet-to-be implemented ETIAS scheme for visa-exempt nationals comes as the European Commission seeks to boost its financial resources to fund an array of priorities from defence to agriculture.
The change reflects inflation and additional operational costs, the commission said.
'It will also bring the cost for a travel authorisation to the EU in line with similar travel authorisation programmes,' the EU's top executive body said.
Adopted in 2018, the European Travel Information and Authorisation System (ETIAS) regulation originally envisaged a fee of €7.
Britain's equivalent, known as ETA, comes with a £16 fee (US$21), while the US ESTA permit costs US$21.
Obtainable online, the EU ETIAS permit will be required for the bloc's 27 countries with the exception of Ireland, as well as for Norway, Iceland, Switzerland and Liechtenstein.
The permit, valid for three years, will be required for non-EU nationals from countries whose citizens do not need a visa for short stays in Europe, such as Canada, Britain and the US.
Those aged under 18 or over 70 years will be exempt from the fee.
Brussels said the scheme was created to identify security, irregular migration and other risks as well as to facilitate border crossing for regular travellers.
But its implementation, which was supposed to go hand-in-hand with a new automated border check system, has suffered from delays.
The European Parliament and member states have two months to review the new €20 fee, which will enter into effect as soon as ETIAS becomes operational – now expected for the last quarter of 2026.
This week the commission proposed a boosted two-trillion-euro long-term budget for 2028-2034, which has already upset some of the EU countries that will have to chip in most of the money.
As part of the blueprint, which is subject to negotiation, Brussels said it will seek to raise about €58 billion a year collecting money directly through measures like its carbon border tax and a levy on electronic waste.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Taiwan to seek lower tariff after Trump's ‘temporary' 20% levy
Taiwan to seek lower tariff after Trump's ‘temporary' 20% levy

Free Malaysia Today

time2 hours ago

  • Free Malaysia Today

Taiwan to seek lower tariff after Trump's ‘temporary' 20% levy

Taiwan's President Lai Ching-te said his government will strive for a reasonable US tariff rate. (AP pic) TAIPEI : Taiwan vowed on Friday to seek a lower tariff after Donald Trump imposed a 'temporary' 20% levy on its shipments as part of his global trade war. The US president had threatened to hit the island with a 32% tax and possible duties on semiconductor chips. After four rounds of face-to-face negotiations and multiple video conferences, Taipei and Washington were still trying to strike a deal, Taiwanese President Lai Ching-te said on Facebook. 'The US has announced a temporary 20% tariff for Taiwan, with the possibility of further reductions should an agreement be reached,' Lai said. 'The government will continue to strive for a reasonable tariff rate and complete the final stages of the tariff negotiations.' Export-dependent Taiwan is a global powerhouse in chip manufacturing, with more than half the world's chips and nearly all of the high-end ones made there. Soaring demand for AI-related technology has fuelled its trade surplus with the US – and put it in the crosshairs of Trump's tariff blitz. Around 60% of Taiwan's exports to the US are information and communications technology, which includes chips. To avoid the punitive tariffs, Taipei has pledged to increase investment in the US, buy more of its energy and increase its own defence spending. While Washington does not recognise Taiwan as a country, it is the democratic island's most important backer and biggest arms supplier. Taiwan 'will continue to actively negotiate with the US to reach an agreement and promote Taiwan-US economic and trade cooperation', the cabinet in Taipei said Friday. Trump in April imposed a 10% tariff on almost all US trading partners, while announcing plans to eventually hike this level for dozens of countries. But days before the steeper duties were due to take effect on July 9, he pushed the deadline back to Aug 1. Taiwan's vice president Hsiao Bi-khim said recently that the government wanted a trade deal with Washington that 'will benefit both sides'. 'The US is indeed a very important trade partner for Taiwan,' Hsiao said. Washington also 'needs Taiwan in supporting resilient supply chains, in supporting manufacturing and some high-end technologies'. In the weeks leading up to Aug 1, several economies – the EU, Britain, Vietnam, Japan, Indonesia, the Philippines and South Korea – struck pacts with Washington, while China managed to temporarily lower tit-for-tat duties.

Global shares tumble after Trump's tariff salvo
Global shares tumble after Trump's tariff salvo

Free Malaysia Today

time2 hours ago

  • Free Malaysia Today

Global shares tumble after Trump's tariff salvo

The pan-European STOXX 600 fell 1.3%, taking its weekly fall to almost 2%. (AFP pic) LONDON : Global shares tumbled today after the US slapped dozens of trading partners with steep tariffs, while investors anxiously awaited US jobs data that could make or break the case for a Federal Reserve rate cut next month. The pan-European STOXX 600 fell 1.3%, taking its weekly fall to almost 2%, which would be its biggest weekly drop since US President Donald Trump announced so-called reciprocal tariffs on April 2. Both Nasdaq futures and S&P 500 futures were down around 1%. Late yesterday, Trump signed an executive order imposing tariffs ranging from 10% to 41% on US imports from foreign countries and territories. Rates were set at 25% for India's US-bound exports, 20% for Taiwan's, 19% for Thailand's and 15% for South Korea's. He also increased duties on Canadian goods to 35% from 25% for all products not covered by the US-Mexico-Canada trade agreement, but gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal. 'The Aug 1 announcement on reciprocal tariffs is somewhat worse than expected,' said Wei Yao, research head and chief economist in Asia at Societe Generale. Market reaction was not as volatile as April's global asset declines, she added. 'We are all getting much more used to the idea of 15-20% tariffs being manageable and acceptable, thanks to the worse threats earlier.' MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.5%, bringing the total loss this week to roughly 2.7%. Japan's Nikkei closed 0.7% lower, Chinese blue chips ended 0.5% down and Hong Kong's Hang Seng index lost more than 1%. Yesterday, Wall Street failed to hold onto an earlier rally. Data showed US inflation picked up in June, with new tariffs pushing prices higher and stoking expectations that price pressures could intensify, while weekly jobless claims signalled the labour market remained on a stable footing. Fed funds futures imply just a 45% chance of a rate cut in September, compared with 65% before the Federal Reserve held rates steady on Wednesday, according to LSEG data. Much now will depend on the US jobs data due later in the day, and any upside surprise could price out the chance for a cut next month. Forecasts are centred on a rise of 110,000 in nonfarm payrolls in July. 'Fed chair Jay Powell has placed greater emphasis on the unemployment rate, which is expected to rise marginally from 4.1% to 4.2%,' said ING FX strategist Francesco Pesole. 'Hardly enough to sound the alarm on the jobs market.' The greenback found support from fading prospects of imminent US rate cuts, with the dollar index up 1.5% this week against its peers to 100, in the biggest weekly rise since September 2022. The yen weakened past 150 per dollar for the first time since April. The Bank of Japan held interest rates steady yestersday and revised up its near-term inflation expectations, but governor Kazuo Ueda sounded a little dovish in the press conference. Two-year treasury yields fell one basis point to 3.9449%, while benchmark 10-year yields rose 3 basis points to 4.388%, after slipping 2 bps the day before. In commodity markets, oil prices continued to fall after a 1% plunge yesterday. Brent fell 1% to US$70.97 per barrel, while US crude fell 1% to US$68.53 per barrel. Spot gold rose 0.3% to US$3,298 an ounce.

Exclusive-EU antitrust regulators set to clear Prosus, Just Eat Takeaway deal, sources say
Exclusive-EU antitrust regulators set to clear Prosus, Just Eat Takeaway deal, sources say

The Star

time17 hours ago

  • The Star

Exclusive-EU antitrust regulators set to clear Prosus, Just Eat Takeaway deal, sources say

BRUSSELS (Reuters) -EU antitrust regulators are set to clear with conditions Dutch technology investor Prosus' 4.1-billion-euro ($4.74 billion) acquisition of Just Eat Takeaway, sources with direct knowledge of the matter said. Amsterdam-headquartered Prosus has proposed incrementally selling down its 27.4% stake in Delivery Hero and giving up its board seat to address EU competition concerns, other people familiar with the matter told Reuters earlier this month. ($1 = 0.8658 euros) (Reporting by Foo Yun Chee, Editing by Louise Heavens)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store