Sri Lanka Customs Enhances Efficiency with WCO Audit Program

Sri Lanka Customs Enhances Efficiency with WCO Audit Program

The World Customs Organization (WCO) held a Post Clearance Audit (PCA) workshop in Sri Lanka to enhance the Sri Lankan Customs' PCA capabilities, optimize the trade environment, and increase revenue collection. Through expert guidance and practical exercises, the workshop aimed to help Sri Lankan Customs develop more efficient PCA processes, improve clearance efficiency, enhance corporate compliance awareness, and promote trade development. It focused on building a robust and effective PCA system to ensure accurate revenue collection and streamlined trade procedures.

01/05/2026 Customs Knowledge
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Wcos HS Review Boosts Global Trade Efficiency

Wcos HS Review Boosts Global Trade Efficiency

The World Customs Organization (WCO) highlighted the HS Strategic Review study at the International Federation of Customs Brokers Associations (IFCBA) 30th Anniversary Conference. The review aims to optimize the global system for classifying goods in international trade, addressing changes in the trade environment and technological innovation. The IFCBA actively participated and provided feedback, which the WCO pledged to consider. The HS Strategic Review is expected to reduce compliance costs for businesses, improve customs clearance efficiency, promote trade facilitation, and enhance international competitiveness.

01/05/2026 Customs Knowledge
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Aircraft Leasing Standards Best Practices for Smooth Deals

Aircraft Leasing Standards Best Practices for Smooth Deals

This guide delves into the aircraft leasing lifecycle, focusing on crucial technical aspects such as aircraft delivery/redelivery conditions, component replacement standards, and back-to-birth records. By interpreting relevant IATA guidance materials and analyzing case studies, it aims to help readers mitigate risks, improve efficiency, and enhance competitiveness in the aircraft leasing market. The guide provides insights into navigating the complexities of lease agreements and ensuring compliance with industry best practices, ultimately contributing to smoother transactions and reduced operational costs.

01/08/2026 Logistics Encyclopedia
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Guyana Boosts Customs Oversight After WCO Audit Review

Guyana Boosts Customs Oversight After WCO Audit Review

At the request of the Government of Guyana, the World Customs Organization (WCO) conducted a Post Clearance Audit (PCA) diagnostic mission in October 2018. Through consultations with the Guyana Revenue Authority - Customs and Trade Administration and external stakeholders, the WCO aimed to assist the country in establishing a robust PCA system. This initiative seeks to enhance customs control capabilities, promote trade facilitation, and support Guyana's sustainable economic development. The ultimate goal is to improve compliance and efficiency in customs procedures.

01/08/2026 Customs Knowledge
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US Ecommerce Logistics Adapts As De Minimis Rule Expires

US Ecommerce Logistics Adapts As De Minimis Rule Expires

The US revocation of the de minimis exemption for Chinese goods significantly impacts China-US e-commerce logistics. E-commerce platforms face rising costs and declining profits, necessitating adjustments to logistics models, production bases, and market strategies. The industry is undergoing rapid transformation. Businesses must proactively address policy changes, strengthen compliance management, and innovate to adapt to the new competitive landscape. This includes exploring alternative sourcing, optimizing supply chains, and potentially shifting production locations to countries with favorable trade agreements with the US.

01/07/2026 Logistics Industry Insights
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Guide to Compliant Electronics Exports to Europe

Guide to Compliant Electronics Exports to Europe

This article provides a comprehensive guide for independent website sellers exporting electronics to Europe, covering key aspects such as express delivery options, platform comparisons, and compliance essentials. It clarifies the distinction between cross-border e-commerce and overseas purchasing, analyzes the feasibility of postal channels, and recommends mainstream express companies and emerging e-commerce platforms. This guide aims to help sellers successfully enter the European market by providing practical insights and actionable strategies for navigating the complexities of exporting electronics.

01/26/2026 Logistics
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Customs Tightens Rules on Fraudulent Trade Practices

Customs Tightens Rules on Fraudulent Trade Practices

This paper reveals common types of false trade, such as buying export permits, contract fraud, and entrepot trade. It delves into how customs authorities rigorously investigate false trade through risk alerts, document review, and technological empowerment. It emphasizes the need for joint efforts between customs and enterprises to address challenges and promote the healthy development of global trade. By strengthening cooperation and vigilance, both parties can mitigate trade risks and ensure compliance, fostering a more secure and transparent international trade environment.

01/26/2026 Customs Knowledge
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Guide to Expanding Crossborder Ecommerce in France

Guide to Expanding Crossborder Ecommerce in France

This article provides a comprehensive guide for cross-border e-commerce sellers shipping to France. It covers key aspects such as compliance requirements, product selection strategies, logistics options, cost control, platform operations, and strategies for managing delivery times. The aim is to help sellers mitigate risks and successfully expand into the French market. The guide offers practical advice and insights to navigate the complexities of cross-border trade and optimize shipping processes for a smoother and more profitable experience in France.

01/26/2026 Logistics Encyclopedia
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WTO Committee Clarifies Customs Valuation Rules for Global Trade

WTO Committee Clarifies Customs Valuation Rules for Global Trade

This article provides an in-depth analysis of key decisions made by the WTO Committee on Customs Valuation over the years. It covers critical issues such as royalties, interpretation of terms, treatment of interest, valuation of software carriers, challenges to declared value, and minimum prices. The aim is to offer an authoritative reference for practitioners, promoting fairness and efficiency in international trade. It delves into the nuances of these resolutions, offering practical insights for navigating complex valuation scenarios and ensuring trade compliance.

01/26/2026 Customs Knowledge
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WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

01/26/2026 Customs Knowledge
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