Trump's appointment of trade hawk Navarro and the establishment of the National Trade Council aim to revitalize American manufacturing and reduce the trade deficit. This move may weaken the U.S. Trade Representative's office, signaling a more protectionist U.S. trade policy. This shift could potentially trigger global trade friction and have a profound impact on the global economy.
The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.
The World Customs Organization issued a new advisory opinion clarifying that franchise fees should not be included in the customs valuation of imported goods under specific circumstances. Originating from a Mexican case and confirmed by the Technical Committee on Customs Valuation, this opinion aims to reduce import costs for businesses and enhance customs valuation transparency. Companies should study the opinion, assess their franchise agreements, and communicate with customs authorities to ensure valuation compliance and capitalize on trade opportunities. This helps in correctly determining the dutiable value and avoiding potential penalties.
Dubbo City Regional Airport, located in Dubbo, New South Wales, is a significant civil airport operated by the Dubbo City Council. It features two asphalt runways and mainly offers domestic flight services, including charter flights and general aviation training. In recent years, the airport has seen a remarkable increase in annual passenger throughput, highlighting its crucial role in regional aviation.
Peace River Airport is an important civil aviation hub located in Alberta, Canada. Operated by the Peace River City Council, the airport features two runways to accommodate various types of aircraft. The new terminal opened in 1984, offering comfortable air travel services. The airport not only operates regular domestic flights but also provides charter services connecting major cities like Calgary and Edmonton, thereby enhancing regional transportation convenience.
China Ocean Shipping and China Shipping are expected to complete their merger by January next year, creating the world's fourth-largest container shipping company. The reform plan has been approved by the State Council, involving over 20 billion USD in funding. Key issues include effective integration and ensuring employee stability. The merger will significantly enhance the market competitiveness of both companies and may alter the dynamics of the international shipping market.
The World Customs Organization (WCO) Virtual Working Group on Gender Equality and Diversity convened to discuss new initiatives promoting gender equality and diversity in customs. Discussions included reviewing the draft WCO Council Declaration on Gender Equality and Diversity in Customs, preparing for the establishment of a “Customs Gender Equality and Diversity Network,” and conducting internal assessments. The WCO will continue to collaborate with its members to advance the relevant agenda.
Wicklow Port, located on the east coast of Ireland, boasts a rich maritime history. In 2016, its management was transferred to Wicklow County Council, reflecting adjustments in Ireland's national port policy. Beyond cargo transport, the port supports a vibrant fishing industry and maritime leisure activities. Looking ahead, Wicklow Port aims to explore new development opportunities, potentially focusing on marine tourism and enhancing its role within the local community and the wider Irish economy.
Dabbo City Regional Airport, located in New South Wales, Australia, is a public airport operated by the city council, featuring two asphalt runways. The airport primarily provides domestic scheduled flights and also handles charter services and flight training. Dabbo Airport plays a significant role in the regional economy, with routes covering several major cities. In 2014, the airport recorded a passenger throughput of 188,907, highlighting its critical role as a regional aviation hub.
Airports Council International (ACI) released new data, with Atlanta Airport retaining its title as the world's busiest, handling 108 million passengers in 2024. Dubai Airport ranked second and led in international passenger volume. The report forecasts global passenger traffic to reach 9.9 billion in 2025, but growth may slow due to economic uncertainties, geopolitical tensions, and capacity constraints. The aviation industry needs to respond proactively by strengthening infrastructure development and international cooperation.
